The Rising Influence of Rising Affluence

[Biowatch]

Wheat price spike reflects war in Ukraine, given that Ukraine and Russia used to supply ~25% of the world’s wheat supply. Hard to grow and export it when you are getting bombed and having land mines, rather than wheat, planted on a regular basis.

https://www.nytimes.com/2022/02/24/business/ukraine-russia-wheat-prices.html

They’ve since agreed to allow a limited shipment overseas, if only to avoid starvation in other countries.

On a different note, apparently a drought in Kansas has reduced wheat production in that state:

https://www.cjonline.com/story/business/agricultural/2023/05/21/kansas-wheat-farmers-brace-for-worst-wheat-crop-in-60-years/70229159007/