Ukraine accounts for 12% of the world’s total wheat exports, according to the U.S. Department of Agriculture. It is also estimated to supply 16% of the world’s corn exports this year.
Wheat and corn prices have surged 37% and 21%, respectively, so far in 2022 and could move even higher as Russia's invasion of Ukraine continues. In preparation for Russia's invasion, Ukraine's military shuttered commercial shipping at its ports, sparking global fears of potential food shortages as a result.
RUSSIAN-UKRAINE WAR PROMPTS ANIMAL FOOD BANK TO RAISE MONEY FOR ENDANGERED PETS AND ANIMALS IN THE REGION Ukraine has long been considered a "bread basket of Europe" because of its rich soil. The nation accounts for 12% of the world’s total wheat exports, according to the U.S. Department of Agriculture. It is also estimated to supply 16% of the world’s corn exports this year.
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