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The global wheat crisis
22/5/22 22:51![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
nairiporterAnother large producer removed from the global market. With both Russia and Ukraine removed many had pinned their hopes to India. But with the current heat wave India has decided to ban wheat exports, in an attempt to make prices fall in their domestic market. This will push the price of wheat even higher and contribute to the already ongoing global food crisis:
India bans wheat exports amid severe heat wave
This will push the price of food of all kinds higher. When a major grain gets more expensive, the demand for other grains/foods increases, causing a run on those foods as well. The world is in for some turbulent times, I'm afraid. And some regimes, be they authoritarian or democratic or something in between, are going to struggle to survive.
I'm afraid the ongoing war is designed for a long confrontation. And the Kremlin is hitting where its positions are strong, the West is causing damage to the Russian economy, the Kremlin is provoking a food crisis. Both sides end up hitting the wallets of ordinary citizens. The West certainly does not expect hunger riots, it's just that people will eat less in Africa... however, the fact that food will become more expensive for ordinary citizens is an upcoming fact... how much more expensive is also a very interesting question.
India bans wheat exports amid severe heat wave
This will push the price of food of all kinds higher. When a major grain gets more expensive, the demand for other grains/foods increases, causing a run on those foods as well. The world is in for some turbulent times, I'm afraid. And some regimes, be they authoritarian or democratic or something in between, are going to struggle to survive.
I'm afraid the ongoing war is designed for a long confrontation. And the Kremlin is hitting where its positions are strong, the West is causing damage to the Russian economy, the Kremlin is provoking a food crisis. Both sides end up hitting the wallets of ordinary citizens. The West certainly does not expect hunger riots, it's just that people will eat less in Africa... however, the fact that food will become more expensive for ordinary citizens is an upcoming fact... how much more expensive is also a very interesting question.
