Floods in China and war in Ukraine cause grain shortage, while strained supply chain adds to squeeze on a staple food for millions
The world’s hundreds of millions of noodle eaters face a rise in the price of their favourite meal as producers look set to heap surging wheat, energy and transport costs on to consumers.
Factors ranging from the war in Ukraine to droughts and floods in the past year have combined to cause a price squeeze that could see the cost of wheat rise 30% this year in China, while also adding to already rising prices in South Korea and Japan.
