Ukraine's Grain Exports Face Setbacks and Bans Amidst Tensions.
TL;DR Summary
Ukraine's harvest of wheat and corn is expected to decrease by up to 50% due to the ongoing conflict with Russia, causing a shift in global grain trading. The reduction in exports from Ukraine will need to be made up elsewhere, including from Russia itself, but with a stronger focus on the US, Canada, Brazil, and Argentina. The war in Ukraine has contributed to rising food prices, with inflation above 5% in more than 80% of low-income countries, according to World Bank figures.
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- Hungary bans import of honey, certain meat products from Ukraine Reuters
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