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Get Ready for a Food-Price World War

Putin's war in Ukraine and Biden's sanction on Russia are threatening to cause the worst food crisis the world has seen in many decades.

Putin's war in Ukraine and Biden's sanction on Russia are threatening to cause the worst food crisis the world has seen in many decades. Russia and Ukraine account for a large part of the world's wheat, fertilisers and sunflower oil. Western sanctions and devastation due to war means a large chunk of this will not be available to global consumers this year. This is already causing food shortages in the middle-east and Africa. India too will not be able to escape the impact of food and fertiliser price inflation.

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