News and Opinion: May 19, 2022. The Price of Wheat Reached 438 Euros in Europe
The price of wheat has reached 438 euros, an all time high in Europe, after India imposed a ban on its exports of wheat, after a heat wave affected this year's crop. This occurred with the background of supply problems related to Russia's military operation in Ukraine and a shortage in fertilizer.
This is an indicator that the world may experience widespread food supply issues in the coming months.
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This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.
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If this trend continues, the world could face a difficult food crisis in the future