A Lot More Upside for Wheat Prices, Says CBA's Gorey

The video discusses the impact of the Russia-Ukraine conflict on global agricultural commodities, particularly wheat. It highlights the potential supply shortages and price increases due to disrupted logistics and sanctions. The discussion also covers the role of alternative markets like India and the impact on edible oils, emphasizing the broader implications for global food supply chains and consumer price inflation.

What is the primary reason for the potential rise in global wheat prices due to the Russia-Ukraine conflict?

• Tight supply situation and removal from the market

• Increased demand from other countries

• Improved harvesting techniques

• Decrease in global population

How did the timing of the invasion affect wheat exports from Russia and Ukraine?

• It was the best time for exports

• Most exports had already occurred or were about to

• Exports were completely halted

• It had no impact on exports

What is a significant risk factor for future wheat prices mentioned in the transcript?

• Increased global demand

• Weather-related crop accidents

• Technological advancements in agriculture

• Decrease in agricultural land

What is a key factor that could exacerbate the impact of the conflict on global agriculture?

• Stable weather conditions

• Increased agricultural subsidies

• Improved global trade agreements

• Extended adverse weather events

Which countries are looking to India for wheat as an alternative source?

• United States

• Egypt

• China

• Brazil

What role do higher prices play in addressing the wheat shortage?

• They discourage production

• They incentivize alternative logistics and sources

• They lead to stockpiling

• They reduce consumer demand

What is a potential consequence of the conflict on the global food supply chain?

• Disruption in edible oil supply and increased inflation

• Stability in global food prices

• Decreased consumer price inflation

• Increased availability of edible oils