# World Bank says Ukraine war may prompt grain shortages in poor countries

> The World Bank warns that Ukraine war disruptions to wheat exports may cause grain shortages in poor countries. It expects corn and rice markets to be affected as wheat substitutes, benefiting net exporters and hurting net importers.

- Date: 2022-03-16 · published 2022-03-16T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11341-world-bank-says-ukraine-war-may-prompt-grain-shortages-in-poor-countries
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Lost wheat exports from the Black Sea tighten substitute grain markets, lifting corn and rice prices. Net importing feed buyers face higher costs.

## Read by commodity

- CORN: bullish ▲
- RICE: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-04-15 | [Ukraine says grain on ships in blocked Black Sea ports may deteriorate \| Reuters](https://feedsoft.ai/events/14494-ukraine-says-grain-on-ships-in-blocked-black-sea-ports-may-deteriorate-reuters.md) | -0.7% | +7.2% |
| WHEAT | 2022-04-06 | [A fertilizer shortage, worsened by war in Ukraine, is driving up global food prices and scarcity](https://feedsoft.ai/events/42132-a-fertilizer-shortage-worsened-by-war-in-ukraine-is-driving-up-global-food.md) | -2.3% | +3.8% |
| WHEAT | 2022-02-25 | [Grain exporters tap EU supplies as war shuts Ukraine ports -traders](https://feedsoft.ai/events/14509-grain-exporters-tap-eu-supplies-as-war-shuts-ukraine-ports-traders.md) | +9.4% | +23.7% |
| WHEAT | 2022-03-21 | [Ukraine could lose $6 bln in grain exports with ports blocked \| Reuters](https://feedsoft.ai/events/14500-ukraine-could-lose-6-bln-in-grain-exports-with-ports-blocked-reuters.md) | +15.8% | +5.9% |
| WHEAT | 2023-07-15 | [Why allowing Ukraine to ship grain during Russia's war matters to the world \| AP News](https://feedsoft.ai/events/14378-why-allowing-ukraine-to-ship-grain-during-russia-s-war-matters-to-the-world-ap.md) | +2.4% | +2.8% |
| CORN | 2022-04-15 | [Ukraine says grain on ships in blocked Black Sea ports may deteriorate \| Reuters](https://feedsoft.ai/events/14494-ukraine-says-grain-on-ships-in-blocked-black-sea-ports-may-deteriorate-reuters.md) | +2.1% | -0.0% |
| CORN | 2022-04-06 | [A fertilizer shortage, worsened by war in Ukraine, is driving up global food prices and scarcity](https://feedsoft.ai/events/42132-a-fertilizer-shortage-worsened-by-war-in-ukraine-is-driving-up-global-food.md) | -1.9% | -6.1% |
| CORN | 2022-02-25 | [Grain exporters tap EU supplies as war shuts Ukraine ports -traders](https://feedsoft.ai/events/14509-grain-exporters-tap-eu-supplies-as-war-shuts-ukraine-ports-traders.md) | +6.6% | +10.3% |

## Sources

- reuters.com: https://www.reuters.com/business/world-bank-says-ukraine-war-may-prompt-grain-shortages-poor-countries-2022-03-16/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.