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Climate change: poor harvest expected

China has stored more grain than any other country.

Russia’s war on Ukraine jeopardizes the food supply for millions of people around the world. The country on the Black Sea is a breadbasket. Ukraine produces more than eleven percent of the wheat traded on the global market. For corn, the figure is as high as 17 percent. Grain prices have skyrocketed in the wake of the war. This does not create a supply problem for most rich countries. In the West, most people can afford higher prices. In addition, Germany, for example, produces more wheat than it consumes.

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