Analyst Warns World Has Just 'Ten Weeks' Of Wheat Supplies Left In Storage

"A food insecurity expert said the world has only about 10 weeks of wheat supplies left in
storage amid the conflict in Ukraine and as India has moved to bar exports of wheat in recent weeks.

Sara Menker, the CEO of agriculture analytics firm Gro Intelligence, told the United Nations Security Council that the Russia–Ukraine war “simply added fuel to a fire that was long burning,” saying that it is not the primary cause of the wheat shortage. Ukraine and Russia both produce close to about a third of the world’s wheat.

“I want to start by explicitly saying that the Russia–Ukraine war did not start the food security crisis. It simply added fuel to a fire that was long burning. A crisis we detected tremors from long before the COVID 19 pandemic exposed the fragility of our supply chains,” Menker said, according to a transcript.

“I share this because we believe it’s important for you all to understand that even if the war were to end tomorrow, our food security problem isn’t going away anytime soon without concerted action.”

In providing data, Menker said that due to price increases in major crops this year, it’s made another 400 million worldwide “food insecure,” adding that with wheat, the world “currently only [has] 10 weeks of global consumption sitting in inventory around the world." ZH