The so-called global food crisis is first and foremost driven by the wheat market, where production has been under stress in major countries like Pakistan, India, Iraq and Morocco. Plus, the removal of Ukraine’s supply from the global market. Yet Russia’s production keeps edging upward, and the global stocks to use ratio was much lower prior to 2015/16. Still, leaders and reporters continue to refer to it as a crisis. The IGC makes note that the wheat market is “sensitive to the news” and keeping up the flow of crisis news is the UN, which now warns of danger if Russia reduces exports. There is no global food crisis, certainly not for rich countries, though it does impose hardship on poorer nations where food absorb...

TAGS – Wheat, North America