Question

Ukraine-Russia war has majorly impacted the price of which of the crop globally

• A. Rice
• B. Wheat
• C. Cotton
• D. Pearl millet

Hint:

Ukraine and Russia are leading global exporters of wheat. Disruption of trade routes in the Black Sea region primarily affects global wheat and sunflower oil markets.

Answer 1

The Correct Option is B

Step 1: Understanding the Concept:
Geopolitical events can disrupt international supply chains, affecting agricultural trade, grain prices, and food security.

Step 2: Detailed Explanation:
The Black Sea region, encompassing Ukraine and the Russian Federation, is historically known as the "breadbasket of Europe."
Together, Russia and Ukraine export approximately 30% of the world's global supply of wheat (Triticum aestivum).
When the conflict broke out in early 2022, blockades of Ukrainian Black Sea ports, damage to agricultural infrastructure, rising fuel and fertilizer costs, and international trade sanctions disrupted grain shipments.
This supply shock caused global wheat prices to rise, directly impacting food-importing nations in the Middle East, North Africa, and parts of Asia.
While the prices of other commodities like sunflower oil were also impacted, among the major staple crops listed (Rice, Wheat, Cotton, Pearl millet), wheat experienced the most severe global price inflation.

Step 3: Final Answer:
Therefore, the price of wheat was majorly impacted globally by the Ukraine-Russia war.