Russia’s war on Ukraine is disrupting global grain supplies. Restrictions on navigation in the Azov Sea and the closure of ports have interrupted grain shipments from Russia, the world’s largest wheat exporter, and economic sanctions are complicating purchase agreements.
Amid concerns about meeting food needs at home, Ukraine – which, together with Russia, supplies almost one-third of the world’s traded wheat – has banned wheat exports. This turmoil in world wheat markets has resulted in a price increase of more than 50% since the invasion began.
