As with questions of replacing Russian oil and gas, the issue is complicated, and Canada can only help out to a limited degree, and not especially quickly,…
“The price of these sanctions is not just imposed upon Russia, it’s imposed upon an awful lot of countries as well,” said Biden Thursday. “We are in the process of working out, with our European friends, what it would be — what it would take to help alleviate the concerns relative to food shortages.”
Since Russia invaded Ukraine last month, concerns have been raised about global food shortages because the two nations are major exporters of wheat, and other agricultural commodities, and many of those exports go to underdeveloped nations that are major importers of food. As of December, Canada’s wheat stockpile sat at around 15 million metric tonnes, 38 per cent lower than the year before, because of a crippling drought in parts of the country. Even if Canada has the wheat to fill demand, shipping it around the world could be a problem, especially if it’s needed on a short time schedule.
“The situation is very serious for people in certain countries because, sure, it’s just a temporary local shortage, but a temporary local shortage that lasts a week can kill you,” said Taber. “And the best thing that people in wealthier western countries can do is just settle down.”Article content It has led to some governments taking action, already: In Egypt, the largest wheat importer in the world, the government moved to fix the price of bread to guard against price hikes. Lebanon, which receives around 60 per cent of its wheat from Ukraine, has sought to purchase stockpiles from India.
“It certainly won’t affect our harvest and won’t really have that big influence on seeding, simply because plans are made and field crop rotations are pretty sound so it’s not like we can just suddenly swing into a bunch of more wheat acres,” Wickett said. “Wheat prices have increased to the point where they’re likely profitable, if you can get the yields, but also all the other commodities have increased as well,” said Bill Prybylski, who farms in eastern Saskatchewan, and is the vice-president of the Agricultural Producers Association of Saskatchewan.Article content
Even before Russia invaded Ukraine, the world was experiencing food inflation; costs are about 20 per cent higher, globally, than one year ago. The spike in wheat prices won’t have as much of an effect on Canadians’ ability to buy a loaf of bread, because the production costs reflected in the price at a grocery store are dwarfed by others, such as transportation.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Russia-Ukraine live updates: Pope Francis to consecrate Russia, UkrainePolish Pres. Duda thanks the U.S. support in assisting with Ukrainian refugees crossing the border, calling them Poland's 'guests.' 'This is the name we want to apply to them... they are our guests. Our brothers. Our neighbors from Ukraine.'
Les mer »
Russia-Ukraine live updates: Russia claims 'main goal' is eastern Ukraine 'liberation'Russian forces around Kyiv have fallen into defensive positions and have stopped offensive ground movements toward the capital city, a senior U.S. defense official says.
Les mer »
Russia-Ukraine live updates: Biden meets Ukrainian ministers in Poland; Russia focuses on eastern frontThe Pentagon said Russia has halted ground operations aimed at Kyiv, instead focusing attacks on the eastern Donbas region.
Les mer »
Biden warns of global food shortages as Russia-Ukraine war upends wheat suppliesRussia and Ukraine jointly supply about a fourth of the world’s wheat exports.
Les mer »
China Claims It Will Try to Fill Wheat Shortage Caused by Ukraine-Russia WarChina urged farmers to maximize the spring plowing season of wheat and soybeans to mitigate global food shortages.
Les mer »