German “concern” about the rise in wheat prices
“Wheat and food prices in Germany have risen significantly since the start of the operation in Ukraine, and this high level of prices will continue,” said Joachim Rockweed, head of the German Farmers’ Union.
“Food prices will continue to rise, because Ukraine, as one of the main suppliers of not only wheat, but, for example, sunflowers, and its cessation of supply will affect markets and prices,” Rockoyd added on N24.
Germany said on Monday it would do everything in its power to prevent hunger in food-prone regions, after the “conflict” between Russia and Ukraine pushed up wheat prices.
“We will not allow starvation at any cost,” a spokesman for Germany’s Ministry of Food and Agriculture said at a press briefing on March 14. Russia and Ukraine are the two largest wheat producers in the world.
The United Nations Food Program says they account for 30% of global wheat exports, 20% of corn sales and 76% of global exports of sunflower seeds, making the Black Sea region the breadbasket of the world.
The spokesman added that Germany hosted a virtual conference of G7 agriculture ministers on Friday to discuss the impact of rising wheat prices in Africa and Asia, where allies said they would avoid imposing restrictions on the food market.
For his part, a spokesman for the German Foreign Ministry told reporters that no sanctions had been imposed on Russian crop exports due to the Ukraine crisis.
However, both speakers acknowledged that restrictions on the Russian financial market could affect the supply chain.
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