'No turning back' - UN predicts hunger and poverty for more than one-fifth of humanity

The generous lands of Ukraine and Russia fed almost all of Europe. Ukraine is the fourth country in the world in terms of harvested corn: in 2021, farmers harvested 23 million tons, 55% of which were sent to Europe, 30% to China and South Korea. Also this year, they predict a decline in the volume of cereals by 35% - to 27.7 million tons. The wheat harvest will fall by half - to 16.7 million tons. Ukraine was the second grain supplier to the EU countries and one of the largest - to Asian markets and Africa. Sunflower will be harvested 30-40% less. The difficult situation with the sowing season continues in the rear territory of Ukraine - farmers cannot work without fuel, seeds and fertilizers. Already paid goods also do not reach them due to broken logistics.

Prices are forced to rise and rather low temperatures in April in four of the five corn states of America. With a delay, farmers from Iowa, Illinois, Minnesota and Indiana entered the fields. Only 2% of the cultivated area was sown by farmers in Nebraska. And livestock and poultry farming is based on grain and corn. Accordingly, the market will also reduce the amount of meat with milk.

Suppliers, feeling that they can get rich on a scarce commodity in the future, are already raising prices - corn futures in Chicago broke a decade-long record of eight dollars per bushel (a box of 38.6 kg).