“We’re talking about something that would really disrupt production,” said Joseph Glauber, a senior research fellow at the International Food Policy Research Institute. “The fact that it’s happening in one of the breadbasket areas of the world is what’s so worrisome.” Barely a week into the conflict, wheat prices have already spiked to record highs as traders fear exports from Ukraine, known as the breadbasket of Europe, could slow to a trickle or even halt altogether while Russian forces damage Ukrainian ports. In Russia, the world’s top wheat producer, exports are being interrupted as international companies abandon long-standing business ties and extricate themselves from the country amid massive Western sanctions. READ MORE
