Grain deficit looming for EU – diplomat
27.03.2022 18:44
Grain deficit looming for EU – diplomat
Getty Images / Edwin Remsberg
The shortage could mean, “Firstly, a significant increase in prices and, secondly, it could mean that we will see unrest in the wider region and especially in North Africa and the Middle East,” he said at a meeting in Brussels.
Russia’s military operation in Ukraine has affected grain supplies from the two countries, which are major global exporters. The crisis has sent wheat prices soaring in recent weeks to the highest point since 2008. Global food prices have also hit historic highs amid supply concerns.