This is what happens when one avoids research.
The countries sanctioning Russia are the major economies of the world. Both the US and the EU are major wheat exporters. Indeed, an important reason for the existence of the EC/EU was to keep agricultural prices UP, for the sake of farmers.
2023-24 harvest is coming in and projections are it will be a good one. The increase vs 2022-23 is greater than Ukraines exports.
I am not yet ready to issue a prophecy on this, as I did re “freezing in the dark” and nat gas prices. Still waiting for info. Not really my wheelhouse either. But let’s see.
We’ll see what the fallout is. But the bottom line is that some amount of grain will be lost from world markets now that Ukraine cannot use their shipping ports, and, on top of that, Russia will send much, maybe most, of their grain to the Third World at no charge (for obvious reasons), which will greatly tighten what the the ‘first world’ importing countries have available to them.
Given the corruption in much of the Third World, I wouldn’t be surprised if the governments there re-sell free Russian grain to the First World...so the end result may be what the Neocons predict, hunger in the Third World.
So, things will get a bit ‘interesting’ in that regard.
“I am not yet ready to issue a prophecy on this, as I did re “freezing in the dark” and nat gas prices. Still waiting for info. Not really my wheelhouse either. But let’s see.”
I agree - there were absolute DOOMSDAY PRICES for gas a year ago (as in the equivalent of $400/barrel oil, energy equivalent), but then prices crashed (attributed to a very warm winter). So your “Who the hell knows what will happen” is a very good analysis.