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Tackling Wheat Price Rises Instigated By Conflict

By Sarah McLaughlin

The conflict between Russia and Ukraine undoubtedly impacts food security, as these two countries are responsible for more than a quarter of wheat traded globally. Developing countries that rely heavily on wheat imports are most at risk from this supply disruption.

Set against an existing backdrop of food insecurity and increasing poverty, the conflict exacerbates present challenges. The United Nations Food and Agriculture Organization (FAO) predicts that a further 11 to 19 million people will be experiencing chronic hunger by 2023, on top of the existing 193 million people facing food insecurity, and at least 47 countries are expected to fall short of the Zero Hunger target, one of the UN Sustainable Development Goals (SDGs).

CROP

Rising costs of staple foods such as wheat can lead to violence and social unrest, as witnessed in 2007-11. It is therefore vital to ensure that import-dependent, resource-poor countries are supported to address their precarious food security. Steady public funding, investment in research, and enhanced production in wheat-growing nations can play an integral role in achieving a solution. In the long-term, closing the yield gap through research and investment, particularly in Africa, will lead towards self-sufficiency in wheat in Africa, contributing towards overall food security across the continent.

 

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Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry

Video: Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry


Higher geo-politics from Trump wanting to annex Greenlland to conflict with Iran has caused investors to sell everything America. With Matto Grosso Brazil 7% harvested weather has turned wet as harvest progresses but Argentina has turned dry! Both soybean and wheat futures have traded back above the pre-USDA January crop report close a positive technical chart signal. A monster weekly U.S. export report is price supportive but a kick the can down the road on E15 is very disappointing.