What Happens When Bread Is Scarce and Grain Exporters Speak Up

  • Date: 21-Apr-2020
  • Source: Bloomberg
  • Sector:Retail
  • Country:Middle East
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What Happens When Bread Is Scarce and Grain Exporters Speak Up

Stockpiling and hoarding by people and governments alike is provoking some uncomfortable discussions about where our food comes from.. Poorer nations like Ukraine, a major breadbasket, have limited grain exports and Vietnam, the world's third-largest shipper of rice, has barred exports of its signature commodity.. The coronavirus has done more than disrupt supply chains, it's restarted a discussion about self-sufficiency tinged with nationalism.. The scare may encourage some nations to further boost their agricultural sector.. "But I think that's mostly political, sending signals to people that the state is actively seeking to protect them and is doing all it can to ensure food security.. This month, EU trade ministers are debating how to advance the bloc's "strategic autonomy" and European Commission President Ursula von der Leyen is talking about reducing dependency by "shortening and diversifying supply chains..