Wheat Volatility Adds to Global Food Security Concerns

The video discusses the volatility in wheat prices due to the conflict in Ukraine, highlighting a significant food security crisis. It emphasizes the impact on emerging economies, where edible oil prices are rising. The closure of Ukrainian exports and difficulties in trading Russian exports contribute to the crisis, affecting 25% of global wheat exports and 10% of traded calories. While rice prices remain stable, the situation mirrors the 2011 food crisis.

What is the main concern discussed by the Ukrainian Central Bank President regarding wheat fields?

• The potential for increased wheat exports

• The technological advancements in wheat farming

• The duration people can stay out of the fields before it affects food security

• The impact of climate change on wheat production

How have wheat and edible oil prices changed according to the transcript?

• They have increased significantly

• They have remained stable

• They have decreased significantly

• They have fluctuated without a clear trend

Which economies are most affected by the rise in edible oil prices?

• Countries with large wheat production

• Developed economies

• Emerging economies

• Oil-exporting countries

What percentage of the world's wheat exports are affected by the closure of Ukrainian and Russian exports?

• 75%

• 25%

• 50%

• 10%

Which staple food's price has not yet risen, according to the transcript?

• Barley

• Wheat

• Corn

• Rice