Some countries rely heavily on imports from Ukraine and Russia, which face supply disruptions due to the war.
The war in Ukraine, combined with levels of inflation not seen since the 1980s is driving up the price of wheat worldwide. The two-month-old conflict in Ukraine is exacerbating already food costs that were already soaring, in part due to COVID-related supply-chain struggles that have contributed to high levels of inflation. “We’ve seen most of the inflation, I think, that we’re going to see right now. We’re running about 10% over levels of last year which is quite high,” Joseph Glouber, a senior research fellow at the International Food Policy Research Institute, told CBS News. “Some of that is supply-chain stuff from COVID, but we have seen record-high commodities prices including wheat.
