Japan cannot escape the global food competition that is about to begin
(Writer / Journalist: Yoichiro Aonuma)
Russia’s invasion of Ukraine puts the world in a food crisis — that’s a growing concern.
But Russia has always been triggered by the first food crisis. In addition, China is now behind it.
Wheat prices have risen since before the invasion of Ukraine
Ukraine is the 5th largest exporter of wheat in the world and Russia is the first exporter of wheat. Both countries account for about 30% of the world’s wheat exports. International prices have risen due to fears of a shortage of wheat supplies.
In Japan, too, the “selling price” of wheat imported by the government to milling companies increased by an average of 17.3% from April to October 2021. With the addition of soaring energy prices and the yen’s depreciation, the prices of products Japanese food is rising one after another.
However, this increase in selling prices is not due to the invasion of Ukraine. In addition to the poor harvest of wheat from North America, on which Japan depends, due to the drought last summer, the ruble of the Russian currency has already fallen since last year, and food prices in Russia have risen. Russia has announced that it will impose export tariffs in December to prevent wheat spills, and prices have risen.
The invasion of Ukraine encouraged. Corn also accounts for about 20% of the world’s exports to both countries. The Food and Agriculture Organization of the United Nations (FAO) said on Monday that the closure of the Black Sea port made it impossible for Russia to export about 25 million tonnes of grain to its warehouses.