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<blockquote data-quote="Webfoot" data-source="post: 7962884" data-attributes="member: 6280"><p>Telegraph today:</p><p></p><p>Analysts at Rabobank warned that an invasion could cause wheat prices to double and impact half of Ukrainian grains production, putting more pressure on UK food prices as they soar at their fastest pace in almost a decade.</p><p></p><p><a href="https://www.telegraph.co.uk/business/2022/01/29/vladimir-putin-fears-stable-prosperous-ukraine/" target="_blank">Ukraine and Russia are major producers of grains such as wheat,</a> barley and corn, making the global market highly vulnerable to shocks to their supply. Bread and cereals such as wheat were already one of the biggest contributors to UK food price increases in recent months.</p><p></p><p>JPMorgan said constraints on supply would drive wheat prices to as high as $11 per bushel, up from just under $8 currently.</p><p></p><p>Michael Magdovitz, an analyst at Rabobank, said conflict could disrupt half of Ukraine’s wheat and barley production and all the key ports used for shipping food. Sanctions on Russia would cause a huge deficit of wheat, meaning prices could double.</p></blockquote><p></p>
[QUOTE="Webfoot, post: 7962884, member: 6280"] Telegraph today: Analysts at Rabobank warned that an invasion could cause wheat prices to double and impact half of Ukrainian grains production, putting more pressure on UK food prices as they soar at their fastest pace in almost a decade. [URL='https://www.telegraph.co.uk/business/2022/01/29/vladimir-putin-fears-stable-prosperous-ukraine/']Ukraine and Russia are major producers of grains such as wheat,[/URL] barley and corn, making the global market highly vulnerable to shocks to their supply. Bread and cereals such as wheat were already one of the biggest contributors to UK food price increases in recent months. JPMorgan said constraints on supply would drive wheat prices to as high as $11 per bushel, up from just under $8 currently. Michael Magdovitz, an analyst at Rabobank, said conflict could disrupt half of Ukraine’s wheat and barley production and all the key ports used for shipping food. Sanctions on Russia would cause a huge deficit of wheat, meaning prices could double. [/QUOTE]
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