Wheat harvest in the Rostov regionMOSCOW, March 6In recent weeks, wheat prices in the world have gone out of control, which threatens humanity with hunger, writes the German publication Deutsche Wirtschafts Nachrichten. According to Commerzbank analyst Carsten Fritsch, Russia and Ukraine account for up to 30% of world wheat supplies, and now, according to his According to him, these two countries are now cut off from the world market. «Wheat is becoming more expensive than ever, and a hunger crisis is looming in many countries,» the article says. The specialist believes that the countries of North Africa and the Middle East, the largest grain importers, are especially vulnerable in this situation .
In Germany, a very bad end is expected due to anti-Russian sanctions. In addition, the reduction in reserves of the largest wheat exporters — the EU, Russia, the United States, Canada, Ukraine, Argentina, Australia and Kazakhstan — will exacerbate the supply crisis. Now the reserves of these countries are at the lowest level in nine years — 57 million tons, which should be enough for the world for 27 days, and without the reserves of Russia and Ukraine — less than three weeks. The article notes that in November 2016, a ton of wheat cost 113 euros, in April 2021 — 165, and in November already 278, and this trend continues. The material also talks about the importance of China in the wheat market. The country's reserves are estimated at 131 million tons, but it is impossible to verify this, since Beijing considers these data to be strategically important. Attention is also drawn to the fact that last year the authorities of the country raised the purchase prices for grain for the first time in seven years. Over the past two years, exchange prices for wheat under futures contracts in Europe have almost doubled, and in the USA they have grown 2.5 times.
China said the United States miscalculated with sanctions against RussiaRussia launched a military operation in Ukraine early Thursday morning, February 24th. President Vladimir Putin called its goal «the protection of people who have been subjected to bullying and genocide by the Kiev regime for eight years.» For this, according to him, it is planned to carry out «demilitarization and denazification of Ukraine», to bring to justice all war criminals responsible for «bloody crimes against civilians» in Donbass. According to the Ministry of Defense, the Armed Forces strike only at military infrastructure and Ukrainian troops, civilian the population is not in danger. With the support of the Russian military, the DPR and LPR groups are developing an offensive. But there is no question of the occupation of Ukraine, Putin emphasized earlier.
