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Author Topic: World has just ten weeks' worth of wheat left after Ukraine war  (Read 809 times)
DrBeer
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June 14, 2022, 08:25:53 PM
 #101

As per the United States Department of Agriculture, for the period of 2022-23, Ukraine is estimated to produce 21.5 million tonnes of wheat, which is 35% down when compared to the production for last year. On the other hand, Russian production is estimated to go up by 5% to 80.6 million tonnes. They will be exporting more than half of this export (42.3 million tonnes). These numbers mean that Russia will be exporting 4 times more wheat compared to Ukraine for 2022-23. Considering the increased price levels of wheat ($495 per tonne for April 2022), the Russian government will be receiving a few billion USD from export duties alone.
Like most people predict, they could definitely end up making a lot more profit during this war, the whole sanctions and war thing caused the prices of oil, gas, wheat all gone up, meaning they are making a killing out of this war. However, you have to understand that politically speaking, this gave a message to all other nations, saying "find someone else, Russia is the enemy now" and that is going to hurt them a lot in the next decade or two.

Wheat will be handled one way or another for now, we are going to find wheat either directly from Russia, or from a third party that buys from Russia, like oil. However, if we start to see some eastern bloc, even some Asian nations turn into fully wheat builders, do not be shocked.

The thing is that it is necessary - to stop sponsoring the world center of terrorism and terror, and secondly, to strangle this new brown plague under the tricolor by the whole world. Otherwise, everyone will get even bigger problems, and the war will come to other countries. Terrorists must be destroyed and not follow their lead and agree to their terms. The world cannot understand in any way - the Russian world, this is the ideology of destruction. They cannot make life better in their own country (having almost everything necessary for this), but they believe that it is necessary to destroy everything from their neighbors so that they do not live better.

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