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The Myth of Global Grain Shortages

Contrary to popular belief, the war in Ukraine has not led to a global shortage of wheat. While global hunger has surged in recent years, the way to address the current food crisis is by focusing on its real causes: financial speculation and corporate profiteering.

NEW DELHI – In recent years, soaring food prices and the growing frequency and intensity of floods, droughts, and other extreme weather events have prompted warnings of a looming grain shortage, potentially spelling disaster for the world’s poorest and most vulnerable populations. Although climate change poses the greatest medium to long-term threat to global food security, Russia’s invasion of Ukraine is frequently cited as the immediate cause of the current hunger crisis. But this is a red herring.