Quotes from the news wire:
Russia and Ukraine account for 30% of global wheat sales, 80% of sunflower oil, and 20% of global corn sales, the global wheat harvest in 2021 was the smallest harvest since 2002 which would cause prices to go up. In addition to the food commodities produced by both countries, Russia is the second-largest oil producer in the world and Ukraine supplies 70% of the Neon gas used in microprocessor chip production.
Found on FOX News 2 years ago
Not having these commodities from Russia and Ukraine in the supply chain will cause global food, electronics, and car supply disruptions and price increases, if the invasion of Ukraine by Russia lasts throughout 2022, we will see double-digit inflation in the United States and continued issues throughout the global supply chain.
Found on FOX News 2 years ago
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