Global Wheat Supply At Risk As Russia's War On Ukraine Continues

The video discusses the impact of the Russian assault on Ukraine on the global wheat supply chain, leading to increased wheat prices and potential food crises. It highlights the challenges faced by US farmers due to high prices and market instability. The baking industry is experiencing ripple effects, with flour prices rising, affecting consumer costs. Globally, countries like Egypt and Lebanon, heavily reliant on Ukrainian wheat, are starting to ration supplies, illustrating the far-reaching consequences of the conflict.

What is one of the main reasons for the potential global food crisis mentioned in the video?

• The decrease in agricultural land

• The rise in oil prices

• The conflict between Russia and Ukraine

• The increase in global population

How much have wheat prices increased compared to last year?

• 80%

• 50%

• 30%

• 67%

What are some of the challenges US wheat farmers are facing besides the halt in exports?

• Climate change and inflation

• Lack of government support

• Labor shortages

• Decreased demand for wheat

Which industry is already seeing an immediate impact due to the wheat supply disruptions?

• Textile industry

• Baking industry

• Automobile industry

• Technology industry

What percentage of its wheat does Egypt import from Ukraine?

• 80%

• 70%

• 60%

• 50%