The World’s Breadbaskets Are Getting Pounded by War, Weather and Trade Spats

Live updates

1. 22d ago

   Global food crisis looms as war, weather, and trade spats hit breadbaskets

   A combination of war, weather, and trade disruptions is threatening global food security, driving up prices, and potentially leading to a crisis. The Black Sea region, a major wheat producer, is affected by conflict and drought, while the US faces a 50-year low wheat harvest. Trade spats and export restrictions further exacerbate the issue.

   Why it matters

   The situation is critical as food prices have significant political weight and can impact economies and populations worldwide. The issue is complex, involving multiple factors such as conflict, climate change, and international trade policies. A global food crisis could have far-reaching consequences, including increased hunger, social unrest, and economic instability.

   What is confirmed

   • The US wheat harvest is at a 50-year low.
   • The Black Sea region is experiencing conflict and drought, affecting wheat production.
   • Trade spats and export restrictions are contributing to the global food security threat.
   • JPMorgan warns of a potential global food crisis in 2024.

   Still unconfirmed

   • A 'perfect storm' of Trump's war and Super El Niño could drive food prices even higher.

   What to watch next

   • 2024 global food supply and prices
   • Developments in the Black Sea region
   • Fertilizer supply and backup plans
   Sources used for this update (10)

   1. The New York Times — The World’s Breadbaskets Are Getting Pounded by War, Weather and Trade Spats
   2. Common Dreams — ‘Perfect Storm’ of Trump’s War and Super El Niño to Drive Food Prices Even Higher
   3. Yahoo Finance — JPMorgan warns a global food crisis could hit next year, and unlike oil, there’s no backup plan for fertilizer
   4. Euronews.com — Which food prices could rise as war and heatwaves hit supplies?
   5. TradingView — JPMorgan Predicts Global Food Crisis, Scott Bessent's Budget Deficit Forecast and More: This Week in Economy
   6. The New York Times — The Price of Bread
   7. spotmedia.ro — A combination of destructive factors threatens the world's granaries: Few things have as much political weight as the price of bread
   8. RealClearMarkets — A Speculation On Why Global Food Markets Are Rallying
   9. euractiv.com — Black Sea, drought and Hormuz crises squeeze global food security
   10. news.qq.com — 美国小麦收成50年最差、黑海航运瘫痪、粮价飙升：全球粮仓正遭“三重重击”
   confidence 80%