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The Journal.

War in Ukraine Hits Global Food Supplies

The Journal.

The Wall Street Journal

News, Daily News, Business News

4.25.8K Ratings

🗓️ 23 March 2022

⏱️ 16 minutes

🧾️ Download transcript

Summary

As Russian forces rampage through Ukraine, farmers are facing a growing list of barriers to planting and tending to their crops. That’s bad news for countries around the world that rely on Ukrainian imports. WSJ’s Alistair Macdonald explains the repercussions on global food supplies and a farmer talks about how his operations are faring during the war. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

All around the world countries rely on Ukraine, specifically on Ukraine's grain crops.

0:12.9

It's places like Indonesia, it's places like Morocco, it's places like Pakistan, Egypt

0:18.4

in particular, Egypt is the biggest importer of grains in the world, so many of wheat.

0:24.6

That's our colleague, Alistair McDonald, he covers business in Europe.

0:29.0

And when Russian forces began amassing on the Ukrainian border, Alistair says it was

0:34.1

clear that an invasion could disrupt the supply of grains.

0:40.8

Then Russia invaded.

0:45.6

Everybody said it could happen that supplies will be choked off.

0:51.4

It could happen that farmers will not be able to plant their seeds.

0:55.6

It could happen that farmers would not be able to fertilize the crop that is already

1:00.8

in the ground and that actually has now happened.

1:06.5

Everybody's worst fear has been realized.

1:09.8

That is what struck me about this.

1:11.1

It was one of those worst case scenario things whereby the worst case scenario was almost

1:17.4

come with fruition.

1:19.3

This worst case scenario has rippled through countries around the world.

1:24.5

So the countries that most rely on it are the countries that at the moment really, really

1:28.7

connoisseur to be having this massive food and price inflation.

1:33.3

What has happened to grain prices since the war?

1:36.7

They've rogoted.

1:37.7

Weed is up 45 percent.

1:40.3

And then across the board you're seeing increases in food prices.

...

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