Wheat Prices Soar As India Restricts Exports

Source: https://www.zerohedge.com/commodities/india-halts-wheat-exports-food-security-risk
Published: May 15, 2022
Author: Tyler Durden
Post Date: 2022-05-15 22:37:05 by Horse
Views: 274

Higher wheat prices will continue to drive food inflation.

Poster Comment:

This puts the war in the Ukraine in perspective. The Ukraine has 25 metric tonnes of grains it cannot export and combat in the midst of what should be planting season. And then there is the winter wheat which should be harvested in June. That and the failure to export fertilizer will make food rationing more popular even though it will quickly evolve into a passport.

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#1: Fred Mertz    To: Horse (#0)

We've got inflation across the board.

Good for home sellers, bad for those of us buying staples.

Fred Mertz posted on 2022-05-15 22:40:14   Reply   Private Reply

#2: Fred Mertz    To: Horse (#0)

I believe it's fuel prices.

I believe I'll have another drink.

Fred Mertz posted on 2022-05-15 22:52:36   Reply   Private Reply