Heavy rains in the Ukraine have left as much as 60% of the wheat crop meant for export from this season unfit for humans. The Ukraine is Egypt's largest supplier of wheat. A major reason for the revolution that took place in Egypt this year had to do with very high food prices.
Last year, nearly all of Russia's wheat was destroyed by severe drought and the Kremlin banned exports. This year, the Ukrainian wheat has been damaged by rain.
Severe climate disruptions are one of the components affecting high food prices globally and the news from Ukraine strengthens the argument that countries around the world that import their food need to make contingency plans and develop a robust food security policy.
More information about the Ukrainian Wheat Damage in this WSJ Article
Last year, nearly all of Russia's wheat was destroyed by severe drought and the Kremlin banned exports. This year, the Ukrainian wheat has been damaged by rain.
Severe climate disruptions are one of the components affecting high food prices globally and the news from Ukraine strengthens the argument that countries around the world that import their food need to make contingency plans and develop a robust food security policy.
More information about the Ukrainian Wheat Damage in this WSJ Article
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