2022-05-25 20:07:21
We read:
«Washington: Russia’s attack on Ukraine, which is called Europe’s ‘basket of bread’, is making the situation regarding food supplies dire. On this catastrophe, the United Nations has warned that the world has only 10 weeks i.e. 70 days of wheat left. It has reached its lowest level since 2008. The United Nations said that such a food crisis in the world happens ‘once in a generation’. Meanwhile, now the eyes of the world are fixed on the meeting of the quad countries going to be held in Japan where the issue of wheat crisis can arise prominently.»
Source: https://hindustannewshub.com/world-news/the-world-now-has-only-70-days-of-wheat-left-europe-will-crave-bread-biden-will-plead-with-modi/
That doesn't seem right. The largest wheat producers of the world in 2021 were(Values in Metric Tons):
Source: http://www.worldagriculturalproduction.com/crops/wheat.aspx
1.European Union: 138,418,000
2.China: 136,946,000
3.India: 109,586,000
4.Russia: 75,158,000
5.United States: 44,790,000
6.Australia: 36,300,000
7.Ukraine: 33,000,000
8.Pakistan: 27,464,000
9.Canada: 21,652,000
10.Argentina: 21,000,000
11.Turkey: 16,250,000
12.United Kingdom: 14,000,000
13.Iran: 12,000,000
14.Kazakhstan: 11,814,000
15.Egypt: 9,000,000
The first 6 on this list are not affected by events in Ukraine. China and India hardly export any wheat though, most is for domestic consumption.
So who are the largest wheat exporting countries (in dollars) in 2021?
Source: https://www.worldstopexports.com/wheat-exports-country/
1.Russia: US$7.3 billion (net export surplus down -7.7% since 2020)
2.Australia: $7.2 billion (up 178.9%)
3.United States: $6.9 billion (up 17.4%)
4.Canada: $6.6 billion (up 4.9%)
5.Ukraine: $4.7 billion (up 31.3%)
6.France: $4.5 billion (down -0.04%)
7.Argentina: $3 billion (up 46.5%)
8.India: $1.7 billion (up 609.2%)
9.Romania: $1.6 billion (up 119.6%)
10.Bulgaria: $1.4 billion (up 95.9%)
11.Germany: $888.4 million (down -25.4%)
12.Kazakhstan: $865.2 million (down -17.6%)
13.Poland: $838.2 million (down -3.9%)
14.Lithuania: $807 million (down -9%)
15.Hungary: $622.1 million (up 5.4%)
If you add up the EU countries here, you get around $10.6 billion for EU, so it's by far the largest net exporter of wheat (place 1). Here to the first six net wheat exporter are not affected and Ukraine is on place 6
So there may be a dent in Ukraine's production and exports in 2022 but it's hardly a 100% loss. It means prices will go up somewhat, but not catastrophically.
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Tags: #UN #Wheat
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