Why is there a grain shortage in the world? - THE ECONOMIST EXPLAINS

"One of the sectors most affected by climate change is the agricultural sector." Vugar Bayramov, MP of Milli Majlis, economist-expert, said in his statement to SIA.

According to him, climate change has an impact on agriculture, especially on grain production: "Decreases in grain production have also intensified against the background of the Russia-Ukraine war. Practically, we have seen an increase in the demand for grain. As a result, this has led to a shortage of grain in the world. In the following years it is expected that the problem of grain shortage will deepen against the background of the decrease in grain production. In particular, the Russia-Ukraine war affects the volume of grain exported to the world market. On the other hand, the increase in consumption also clearly affects the demand for grain.

Although India is the second largest grain producer in the world. India's exports have been severely limited by the increase in domestic consumption. From this point of view, it shows that the difference between the demand and supply of grain will widen in the next years and there will be an increase in the price of grain. As a result, this indicates that one of the sectors most affected by global climate change and drought is grain production. Conflicts occurring in the world lead to grain shortages as well."

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