Wheat stocks in the world will be enough for 10 weeks, – analyst at Gro Intelligence says
Farmers are experiencing the worst drought in 20 years, and the war in Ukraine is exacerbating the situation. About 400 million people will face hunger due to rising prices for staple crops, says Sarah Menker, director of Gro Intelligence.
There are only 10 weeks of wheat left in the world. Such estimates were voiced by food expert, CEO of agricultural analytical company Gro Intelligence Sarah Menker.
Russia’s full-scale war in Ukraine, she said, “just added fuel to a fire that has been burning for a long time.” The war is not the main reason for the shortage of wheat, since Ukraine and the Russian Federation produce about 1/3 of the world’s wheat.
Rising prices for staple crops have pushed 400 million people around the world to the brink of starvation this year.