Connect with us

News

‘Special Report’ spotlights the global food crisis sparked by Russian invasion of Ukraine

Ukraine is commonly called the breadbasket of Europe and the invasion of its country by Russia is spelling chaos for the global grains and urea trade.

Published

on

The Russian invasion of Ukraine has had reverberating effects around the world, including nations that rely on Ukraine’s cereal and fertilizer exports.

Ukraine’s rich agricultural sector, known as the “breadbasket of Europe,” came to a halt earlier this year when the country was hit by Russian military strikes and port blockades.

Bret Baier, host of “Special Report,” went into great detail about how the crisis has affected the entire world and what global leaders are doing to solve it.

Baier said that while Americans have experienced some food shortages due to the Ukraine conflict, the situation on the other side of the world is much worse.

Advertisement

THE RALLY IN ALASKA BRINGS HOPE FOR DEMOCRATS IN THE STATE: NUNES

“Supply chain problems have been exacerbated worldwide as a result of the conflict in Ukraine. Russian ships and Ukrainian farmers are both preparing for the 2022 harvest season, which could make the global food crisis even worse “he stated.

“The world depends on the exports of our food,” Ukrainian President Volodymyr Zelenskyy said recently.

In addition to its large-scale urea exports – essential to western fertilizer products – Ukraine is a leading corn and wheat producer, according to Baier.

Advertisement

Pompeo lashes out at the Pentagon after 40,000 unvaccinated guardsmen are halted

According to his information, Egypt, Indonesia, Pakistan, Bangladesh, and Lebanon are among Ukraine’s top five wheat customers, all of which are classified as developing economies by the United Nations (UN).

AFBF’s Roger Cryan revealed to Baier the following: Lack of exports leads to market instability and, ultimately, higher prices in the United States.

Breaking the Black Sea blockade is a top priority for European Council President Charles Michel of Belgium, who said as much in one clip. Others have noted the uncertainty of how many exports have gotten out of Ukraine since Feb. when the invasion began.

Advertisement

Biden’s repeated assertions that Russia is to blame for America’s food crisis, with the president also appearing to cite Russia’s Black Sea blockade, were cited by Baier.

“Putin’s tax on food and gas is unprecedented,” Biden said.

FOX NEWS APP – CLICK HERE

American farmers are already struggling with skyrocketing diesel costs, and now they are being hit with even higher fertilizer costs, thanks in part to Ukraine’s urea exports.

Advertisement

In the past year alone, the price of fertilizer has increased by more than 80%, according to Baier’s calculations, making this the most expensive fertilizer year since 2008.

At a G7 summit earlier this year in Germany, Biden and the other G7 leaders devised a plan to send $4.5 billion to countries suffering from food shortages.

Advertisement