Reduced supplies of wheat and sunflower oil are likely to result in higher costs for American consumers.
Russia’s is expected to drive up food prices at U.S. grocery stores, adding to the for Americans since the 1980s. The war is expected to slow or even halt crop production in Ukraine, which is one of the world’s largest producers of wheat as well as some seed oils, according to a Washington Post report. Reduced supplies of wheat and sunflowers could on a range of foods, including bread, beer, animal feed and some meats. “The expectation is that those Ukranian crops won’t get planted this year and that the Russian crops will be embargoed, and so a lot of parts of the world will be in need of imports. And so there will be a mad scramble for the excess,” Laura Reiley, a reporter at the Washington Post, told CBS News Mornings.
