Analysis: invasion sending grain prices soaring, compounding effects of climate crisis on food production
Households are facing the prospect of even higher food prices owing to the war in Ukraine, threatening hikes of the kind seen in 2008 after the global financial crisis, as wheat exports from Ukraine and Russia come under threat, compounding price increases resulting from the climate crisis.
Prices of wheat, maize and soybean have surpassed 2008 levels in recent days, with maize hovering slightly below those of 2013 and soybean reaching similar hight as in 2012.
