NTR - Food protectionism in play as countries raise export barriers

The conflict in Ukraine has already led nations to reassess their energy security, but with two of the world's biggest grain exporters at war, food security is also making waves. The Hungarian government now has the option to buy any grain destined for export, while Moldova and Serbia have restricted sales of crops like wheat and sugar. Bulgaria has also allocated government funds to increase its national grains reserve, while proposals in France are lobbying the government to stockpile grains on fears that supplies could get depleted. Breadbasket of Europe: Ukraine yields 10% of global wheat exports, 14% of corn exports and about half of the world's sunflower oil, according to the U.S. Department of Agriculture. Russia is the world's largest exporter of wheat, accounting for more than 18% of international exports. "What's going on in Ukraine is going to change our whole approach, and our view on the future

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Food protectionism in play as countries raise export barriers