The world wheat market is facing serious pressure due to climate change, drought and wars.
Modern.az reports, citing “The New York Times”, that free trade, cheap energy and a stable climate, which are the main pillars of the global food system, are simultaneously being disrupted.
According to the publication, the Russia-Ukraine war and the military conflict in the Black Sea have made trade in agricultural products difficult. Houthi attacks in the Red Sea also affect the safety of food shipments and logistics costs.
The situation is further aggravated by severe drought and anomalous heat observed in major grain exporting countries. These factors can negatively affect wheat production and the volume of products released to the world market.
In addition, the El Niño climate phenomenon has caused water levels to drop in important transport routes such as the Panama Canal, the Rhine and the Danube. This makes the transportation of grain and other agricultural products more expensive.
According to experts, in addition to the increase in energy and logistics costs, the deepening of climate problems can strengthen price pressure in the world food market. This situation creates an additional risk, especially for import-dependent countries.
