Russia’s invasion of Ukraine has caused wheat prices to rise, especially since both countries are major producers of the product. Dr. Simon Somogyi, the Arrell Chair in the Business of Food, explained how those rising prices will affect the rest of the Canadian food supply chain to The Canadian Press.
In the article, which appeared in dozens of Canadian publications, Somogyi noted Ukraine is a major potash fertilizer producer, meaning that like wheat, the already-soaring fertilizer prices will “increase even more.”
He also noted the wheat Ukraine and Russia produce isn’t just for human foods, but also for the grain in cattle feed. If the prices for feed rise, so will those of meat and dairy he said.
A professor in the School of Hospitality, Food and Tourism Management, Somogyi researches agri-food value chain analysis and management and international market development.