I read that though Ukraine/Russia produce 25% of the world exports, this only amount to 0.9% of the world’s wheat produce, as most of it just isn’t exported. Whether or not these exact numbers are correct, it’s still a distinction we should make in order to think clearly about it. If the numbers are about right, we should just expect the prices to rise a bit. I don’t how many people would starve as a result, but probably not hundreds of millions.
I read that though Ukraine/Russia produce 25% of the world exports, this only amount to 0.9% of the world’s wheat produce, as most of it just isn’t exported. Whether or not these exact numbers are correct, it’s still a distinction we should make in order to think clearly about it. If the numbers are about right, we should just expect the prices to rise a bit. I don’t how many people would starve as a result, but probably not hundreds of millions.