Having fled Adolf Hitler’s Nazi Holocaust as a child, Madeleine Albright believed true peace required military muscle to protect it, especially in the face of ethno-nationalists like Russia’s Vladimir Putin.
While Russian President Vladimir Putin’s war in Ukraine is delivering shocks to the energy market and driving up fertilizer prices, the bigger problem has become the soaring cost of wheat. Russia is steering the world toward an increasingly severe food security crisis, compounding the shortages already caused by the COVID-19 pandemic and climate change.
More than 70 percent of Ukraine consists of prime agricultural land that produces a major share of the world’s wheat, as well as its corn, barley, rye, sunflower oil and potatoes. Ukraine’s crop exports to the EU, China, India and throughout north Africa and the Middle East
(Bloomberg Opinion) While Putin’s war in Ukraine is delivering shocks to the energy market and driving up fertilizer prices, the bigger problem has become the soaring cost of wheat.
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