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Ukraine crisis: War in world's breadbasket has big buyers hunting for wheat

Grain exports from Russia will probably be on hold for at least the next couple of weeks

Photo: Bloomberg
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Photo: Bloomberg

Áine Quinn and Megan Durisin | Bloomberg
Russia’s invasion of Ukraine is threatening shockwaves through two of the world’s staple grain markets, prompting countries that rely on imports from the region to start seeking alternative supplies and heightening concerns about global food inflation and hunger. 
 
Grain exports from Russia will probably be on hold for at least the next couple of weeks, the local association said on Friday, after turmoil erupted in the Black Sea. Ukrainian ports have been closed since Thursday.

That means the war has temporarily cut off a breadbasket that accounts for more than a quarter of global wheat trade and nearly a fifth of

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First Published: Feb 26 2022 | 8:06 AM IST

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