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France 24

'Europe's breadbasket' at risk: Ukraine braces for 30% drop in wheat production

Ukraine Europe US Federal Reserve Russia

BUSINESS DAILY © FRANCE 24

Concern over global food supplies has been rising since Russia invaded Ukraine. Known as "the breadbasket of Europe", Ukraine is a major exporter of wheat and other cereals. But with fierce fighting threatening crops and harvests, authorities say wheat production this year could drop by 30 percent. We take a closer look. Plus, the US Federal Reserve has signalled that it will start selling off its massive haul of bonds to the tune of $95 billion a month, rattling markets.

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