'Perfect Storm' Hits Global Grain Supply
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- CNBC flags a "perfect storm" for the global food supply this winter, with grain prices soaring as Russia's war on Ukraine disrupts export routes.
- Russia's strikes on Ukrainian Black Sea ports are choking off seaborne grain shipments, causing unsold grain to pile up inside Ukraine while global wheat buyers brace for a supply squeeze (Reuters, FT, Bloomberg).
Why it matters: Wheat-importing countries face tighter supply and higher prices heading into winter, while Ukrainian farmers lose export revenue as Russia targets the very ports needed to move their harvest — turning a wartime export bottleneck into a global food-security pressure point.
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