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THE IMPACT OF THE WAR IN UKRAINE ON FOOD
Submitted by christian on Sun, 03/20/2022 - 14:14
- The war between Russia and Ukraine, both food-producing powerhouses, has already sent prices for cereals like wheat soaring and European governments scrambling to stabilize markets.
- Europe can probably weather the immediate storm. Its farmers are bracing for even higher costs of basic inputs like fertilizers and animal feed, but consumers are unlikely to see empty supermarket shelves. Costs will go up particularly for key goods like sunflower oil but rich Western economies can afford to diversify.
