The Russian invasion of Ukraine is driving up global wheat prices as the conflict curbs exports of the crop, triggering shortages and setting the stage for worsening food inflation in Canada.
Canadian wheat producers have warned that the situation will make it extremely difficult for Ukrainian farmers to get their seeds in the ground.
The impending shortages could send retail prices of food like bread and pasta ballooning in Canada, while jeopardizing food security in other countries.
Chicago benchmark wheat prices have soared more than 50 per cent since the invasion began. The price of a bushel of wheat hit $12.94 US
