Yahoo Finance published an article that Russia’s invasion of Ukraine is threatening shockwaves through two of the world’s staple grain markets, prompting countries that rely on imports from the region to seek alternative supplies and heightening concerns about food inflation and hunger. In the U.S., the war in Ukraine may have a modest impact on food costs, though grocery inflation is likely to ease this year regardless of the conflict, said Joseph Glauber, senior research fellow. “The crisis may have a more severe impact on food prices in the Middle East and Africa, especially if spring planting is disrupted in Ukraine,” he said. Republished in the American Journal of Transportation.
