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<ul class="summary-list"><li><keyword id="11894337" type="UNKNOWN" weightage="60" keywordseo="russia" source="Orion">Russia</keyword>'s invasion of <keyword id="11985141" type="UNKNOWN" weightage="60" keywordseo="ukraine" source="Orion">Ukraine</keyword> has worsened global food supply shortages. </li><li>An expert told the UN that the world has about only 10 weeks of wheat supplies left. </li></ul>The world has about 10 weeks of wheat supplies stored as Russia's invasion of Ukraine enters its fourth month, <a href="https://media.un.org/en/asset/k10/k10mjpv1u3?kalturaStartTime=2120">a food insecurity expert told the UN. </a>Sara Menker, the CEO of agriculture analytics firm Gro Intelligence, told the UN Security Council that the Russia-Ukraine war was not the cause of a food security crisis but "simply added fuel to a fire that was long burning."Ukraine is considered the <a href="https://www.businessinsider.com/russia-assault-ukraine-could-lead-to-famine-in-yemen-2022-3">world's "breadbasket"</a> and Russia and Ukraine combined account for almost a third of the world's wheat exports. https://media.un.org/en/asset/k10/k10mjpv1u3?kalturaStartTime=2120This comes as <a href="https://www.state.gov/secretary-antony-j-blinken-at-the-unsc-meeting-on-food-insecurity-and-conflict/">US Secretary of State Antony Blinken accused Russia of using food as a weapon.</a> Blinken, also addressing the UN Security Council, said that Russia was holding food "hostage" not just for Ukrainians but for millions across the world. "The Russian government seems to think that using food as a weapon will help accomplish what its invasion has not - to break the spirit of the Ukrainian people," Blinken said.Menker said droughts across the world are contributing to declining wheat resources. Menker said global food supplies are also being impacted by climate change and fertilizer shortages."We currently only have 10 weeks of global consumption sitting in inventory around the world. Conditions today are worse than those experienced in 2007 and 2008," she said.Menker said estimates from official government agencies from across the world show that wheat inventories at 33% of annual consumption, but added that models created by Gro Intelligence show that the figure may actually be closer to 20%, a level not seen since 2007 and 2008. "It is important to note that the lowest grain inventory levels the world has ever seen are now occurring while access to fertilizers is highly constrained," she said. "And drought in wheat growing regions around the world is the most extreme it's been in over 20 years. Similar inventory concerns also apply to corn and other grains."

A food insecurity expert predicts that there's only 10 weeks of wheat supplies left in the world as Russian invasion disrupts production

Welcome to <keyword id="9884466" type="UNKNOWN" weightage="60" keywordseo="insider-cannabis">Insider Cannabis</keyword>, our weekly <keyword id="621414" type="PERSON" weightage="60" keywordseo="Newsletter">newsletter</keyword> where we're bringing you an inside look at the deals, trends, and personalities driving the multibillion-dollar global <keyword id="14728" type="ENTERTAINMENT" weightage="100" keywordseo="cannabis">cannabis</keyword> boom.<a href="http://newsletter.businessinsider.com/join/cultivated">Sign up here to get it in your inbox every week</a>.Hello everyone,Breathe out. If you work for, invest in, or lead a cannabis company - this was probably one of the busiest weeks of the summer.Most of the major US cannabis companies or MSOs reported earnings this week, giving us a clear snapshot into how the industry's doing amid the pandemic.For us, that means a whirlwind of calls, interviews, reading, writing, more calls, more interviews, more reading, and more writing. If you tried to reach Yeji or me this week and we haven't gotten back you, now you know why. We're doing our best.Our quick takeaway on the quarter: MSOs like Trulieve, Green Thumb Industries, Verano Holdings and others posted strong quarters in terms of revenue growth and actually turning a profit, compared to their Canadian counterparts. How novel.What else we're watching:Gov. Cuomo's resigning, and industry experts told us <a href="https://www.businessinsider.com/new-york-cannabis-cuomo-resignation-speed-up-marijuana-sales-timeline-2021-8">that'll speed up the rollout of legalization in New York</a>.Trulieve CEO Kim Rivers' husband JT Burnette is on trial over corruption charges associated with real estate purchases he made. The jury is deliberating as we speak.But for the cannabis industry, there's a damning piece: According to audio from a conversation between Burnette and an undercover FBI agent, Burnette claimed he worked with a Republican state representative to create barriers that would benefit his wife's company and keep others out of Florida's lucrative medical marijuana market, <a href="https://www.tallahassee.com/story/news/local/fbi/2021/08/10/j-t-burnette-trial-day-12-federal-prosecutors-cross-examination/5549817001/">the Tallahassee Democrat reported</a>. In an industry like cannabis, in the context of decades of racially motivated policing and incarceration, reputation is everything for leaders of publicly traded cannabis companies that are now profiting from legalization.We're asking CEOs and other execs how they thread that needle in an industry where corporate reputation is of critical importance because of that history and the polarized political environment we all inhabit.If you've got thoughts on that, get in touch with us. - Jeremy Berke (<a href="https://twitter.com/jfberke">@jfberke</a>) &amp; Yeji Jesse Lee (<a href="https://twitter.com/jesse_yeji">@jesse_yeji</a>)If you like what you read, share this newsletter with your colleagues, friends, boss, spouse, strangers on the internet, or whomever else would like a weekly dose of cannabis news. Here's what we wrote about this week:<h3><a href="https://www.businessinsider.com/analyst-list-cannabis-stocks-to-buy-now-after-pullback-2021-8">A top Wall Street analyst says investors are overlooking a 'transformative growth opportunity' in cannabis stocks, and names 9 to buy now</a></h3>Cannabis stocks have pulled back significantly since February and Viridian analyst Jonathan DeCourcey says this creates an opportunity for investors. DeCourcey names 9 stocks in particular that are poised to see "transformative growth."<h3><a href="https://www.businessinsider.com/cannabis-amc-meme-stocks-retail-investors-shareholders-proxy-voting-2021-6">Robinhood just announced a $140 million deal for a startup focused on increasing proxy voting as meme stocks struggle to get participation from retail investors</a></h3>Companies with large retail-investor bases face difficulties reaching a quorum in shareholder votes. "It's hard to get those shareholders to show up and vote," Tilray CEO Irwin Simon told Insider. To address this issue, Robinhood said on Tuesday that it had made a big deal that would help increase proxy voting.<h3><a href="https://www.businessinsider.com/new-york-cannabis-cuomo-resignation-speed-up-marijuana-sales-timeline-2021-8">The cannabis industry says Cuomo's resignation could speed up marijuana sales in New York</a></h3>New York Gov. Andrew Cuomo's resignation amid a wave of sexual assault allegations may be beneficial for the state's fledgling cannabis industry."I think a lot of people in this industry, including some of our clients, are breathing a sigh of relief knowing that the governor of New York is no longer using cannabis as a pawn in unrelated battles," Jeffrey Schultz, partner at cannabis law firm Feuerstein Kulick, told Insider.<h3><a href="https://www.businessinsider.com/cannabis-real-estate-retail-industrial-green-rush-jlll-cushman-cbre-2021-8">THE NEW GREEN RUSH: Risk-taking real-estate brokers who cater to cannabis companies are cashing in</a></h3>Cannabis real estate is projected to be a $50 billion industry by 2027 and some risk-taking brokerages are cashing in, helping cannabis firms find grow houses and retail storefronts.<h3><a href="https://www.businessinsider.com/riv-capital-ceo-narbe-alexandrian-interview-us-cannabis-deals-2021-8">The man building a new cannabis company with cash from Scotts Miracle-Gro lays out his plan to dominate the US with a $320 million war chest</a></h3>A Scotts Miracle-Gro unit is investing $150 million in RIV Capital and RIV Capital CEO Narbe Alexandrian told Insider he's using the money to shop for US cannabis deals. He says he's focused on populous states and said he's looking for distressed deals and for companies with strong teams. <h2>Executive moves</h2><ul><li>Tom Price, the former HHS secretary under President Donald Trump, is joining the board of Botanical Sciences, a cannabis company that recently won a coveted medical license in Georgia, <a href="https://www.marijuanamoment.net/former-anti-marijuana-congressman-and-top-trump-health-official-joins-cannabis-company-board-documents-show/">Marijuana Moment reports</a>. </li></ul><h2>Deals, launches, and IPOs</h2><ul><li>Leafly <a href="https://www.prnewswire.com/news-releases/leafly-to-go-public-through-business-combination-with-merida-merger-corp-i-301350986.html">said</a> on Monday that it plans to go public through a special purpose acquisition company sponsored by Merida Capital Holdings in a deal that values the company at around $532 million. The company plans to trade on the NASDAQ under the ticker "LFLY."</li><li>RIV Capital <a href="https://www.prnewswire.com/news-releases/riv-capital-announces-us150-million-strategic-investment-by-the-hawthorne-collective-a-subsidiary-of-the-scotts-miracle-gro-company-301351777.html">announced</a> on Tuesday that it has received a $150 million investment from The Hawthorne Collective, a subsidiary of The Scotts Miracle-Gro Company. RIV Capital CEO Narbe Alexandrian <a href="https://www.businessinsider.com/riv-capital-ceo-narbe-alexandrian-interview-us-cannabis-deals-2021-8">told Insider</a> he's using the money to shop for US cannabis deals.</li><li>Montréal Cannabis Médical Inc. is <a href="https://www.newswire.ca/news-releases/mtl-cannabis-to-acquire-control-of-canada-house-808267174.html">going public on the CSE</a> through a reverse takeover with Canada House.</li><li>Canadian cannabis company Fire &amp; Flower is <a href="https://www.barrons.com/articles/fire-flower-enters-california-market-as-american-acres-completes-name-change-to-fire-flower-u-s-holdings-01628595341#:~:text=(%22Fire%20%26%20Flower%22%20or,Palm%20Springs%2C%20California%20located%20at">entering the US</a> through a licensing agreement with American Acres Managers, which will change its name to Fire &amp; Flower U.S. Holdings and open a branded dispensary in Palm Springs. </li><li>Psychedelics giant Atai <a href="https://www.globenewswire.com/news-release/2021/08/12/2279817/0/en/atai-Launches-Revixia-Life-Sciences-to-Develop-Salvinorin-A-for-a-Variety-of-Mental-Health-Conditions.html">announced</a> on Thursday that it had launched Revixia Life Sciences, a subsidiary focused on developing Salvinorin A, a compound derived from the psychedelics plant Salvia divinorum.</li><li>Origin Therapeutics <a href="https://www.globenewswire.com/news-release/2021/08/12/2279705/0/en/Origin-Therapeutics-Closes-6-5-Million-Private-Placement-to-Fund-New-Investments-in-Psychedelics.html">said</a> on Thursday that it closed a $6.5 million private placement to fund investments into private, early-stage psychedelics companies.</li><li>BuzzFeed is launching a line of cannabis products, <a href="https://www.forbes.com/sites/javierhasse/2021/08/05/get-your-buzz-on-with-buzzfeeds-new-cannabis-line/?sh=97a3aaf43a3a">Forbes reports</a>.</li></ul><div type="image" title="Cannabis" height="1333" width="2000" msid="85312123" hostid="261"></div><h2>Policy moves</h2><ul><li>Gov. Andrew Cuomo has announced his resignation from office, leaving New York - and the rollout of New York's cannabis industry - to Lt. Gov Kathy Hochul. We've got you <a href="https://www.businessinsider.com/new-york-cannabis-cuomo-resignation-speed-up-marijuana-sales-timeline-2021-8">covered on why experts say this might be beneficial for cannabis</a>. </li><li>As part of the mammoth $1 trillion infrastructure bill that passed the Senate this week, researchers <a href="https://www.marijuanamoment.net/senate-votes-to-let-researchers-study-marijuana-from-dispensaries/">would be allowed to study marijuana</a> that consumers purchase from recreational dispensaries. The bill is now in the House. </li></ul><h2>Earnings</h2><ul><li>Curaleaf released its 2021 <a href="https://ir.curaleaf.com/2021-08-09-Curaleaf-Reports-Record-Second-Quarter-2021-Results">Q2</a> results on Monday, reporting $312 million in revenue and a net loss of $7.2 million.</li><li>Verano Holdings released its 2021 <a href="https://investors.verano.com/news/news-details/2021/Verano-Reports-Second-Quarter-2021-Record-Revenue-of-199M/default.aspx">Q2</a> results on Tuesday, reporting $198.7 million in revenue and a net profit of $6.8 million.</li><li>Acreage Holdings released its <a href="https://investors.acreageholdings.com/financial-information/financial-releases/press-release/2021/Acreage-Holdings-Reports-Second-Quarter-2021-Results/default.aspx">Q2</a> 2021 results on Tuesday, reporting $44.2 million in revenue and a net loss of $2.6 million.</li><li>Harvest Health &amp; Recreation released its <a href="https://investor.harvesthoc.com/press/press-release/2021/Harvest-Health--Recreation-Inc.-Reports-Second-Quarter-2021-Financial-Results/default.aspx">Q2</a> 2021 results on Tuesday, reporting $102.5 million in revenue and a net loss of $19.5 million.</li><li>Ascend Wellness Holdings released its <a href="https://awholdings.com/awh-announces-q2-2021-financial-results/">Q2</a> 2021 results on Tuesday, reporting $83.4 million in revenue and a net loss of $44.9 million.</li><li>Green Thumb Industries released its <a href="https://investors.gtigrows.com/investors/news-and-events/press-releases/press-release-details/2021/Green-Thumb-Industries-ReportsSecond-Quarter-2021-Results/default.aspx">Q2</a> 2021 results on Wednesday, reporting $221.9 million in revenue and a net profit of $22.1 million.</li><li>Columbia Care released its <a href="https://d1io3yog0oux5.cloudfront.net/_f3c290420906e976623f5b06f399cdcd/colcare/news/2021-08-12_Columbia_Care_Reports_Record_Second_Quarter_2021_139.pdf">Q2</a> 2021 results on Thursday, reporting $102.4 million in revenue and a net loss of $10.2 million.</li><li>Trulieve released its <a href="https://www.newswire.ca/news-releases/trulieve-reports-record-second-quarter-2021-earnings-and-expansion-into-new-markets-887024603.html">Q2</a> 2021 results on Thursday, reporting $215.1 million in revenue and a net profit of $40.9 million.</li><li>Charlotte's Web released its <a href="https://investors.charlottesweb.com/press-releases/press-release-details/2021/Charlottes-Web-Holdings-Inc.-Reports-Q2-2021-Results/default.aspx">Q2</a> 2021 results on Thursday, reporting $24.2 million in revenue and a net loss of $5.4 million.</li><li>Hydrofarm Holdings released its <a href="https://investors.hydrofarm.com/news-releases/news-release-details/hydrofarm-holdings-group-announces-second-quarter-2021-results">Q2</a> 2021 results on Thursday, reporting $133.8 million in sales and a net income of $2.3 million.</li><li>Cresco Labs released its <a href="https://investors.crescolabs.com/investors/press-releases/press-release-details/2021/Cresco-Labs-Announces-Second-Quarter-2021-Financial-Results/default.aspx">Q2</a> 2021 results on Friday, reporting $210 million in revenue and a net income of $2.7 million. </li></ul><h2>What we're reading </h2><a href="https://www.politico.com/news/2021/08/10/weed-cannabis-legalization-energy-503004">An inconvenient truth (about weed)</a> (Politico) <a href="https://www.washingtonpost.com/world/2021/08/08/mexico-marijuana-american-border/">Legal U.S. marijuana is pouring into Mexico. It's pricey, popular and has names such as 'Bubba Kush.'</a> (The Washington Post)<a href="https://www.vanityfair.com/style/2021/08/beyonce-building-hemp-honey-farms-health-benefits-for-children-blue">Beyoncé Is Building a Hemp and a Honey Farm</a> (Vanity Fair)<a href="https://thewalrus.ca/what-do-you-do-with-a-billion-grams-of-surplus-weed/">What Do You Do with a Billion Grams of Surplus Weed?</a> (The Walrus)<a href="https://www.statnews.com/2021/08/03/punishing-drug-use-heightens-the-stigma-of-addiction/">Opinion: Punishing drug use heightens the stigma of addiction</a> (Stat News)

Insider Cannabis: Earnings, earnings, earnings

<ul class="summary-list"><li>Russia and <keyword id="11985141" type="UNKNOWN" weightage="60" keywordseo="ukraine" source="Orion">Ukraine</keyword> export nearly a third of the world's wheat and barley, over 70% of sunflower oil, and also supply corn.</li><li>About 90% of Ukraine's wheat and other <keyword id="12168891" type="UNKNOWN" weightage="60" keywordseo="grains" source="Orion">grains</keyword> are being held up by Russian blockades of the Black Sea coast.</li></ul>LONDON — Russian hostilities in Ukraine are preventing grain from leaving the "breadbasket of the world" and making food more expensive across the globe, threatening to worsen shortages, hunger and political instability in developing countries.Together, Russia and Ukraine export nearly a third of the world's wheat and barley, more than 70% of its sunflower oil and are big suppliers of corn. Russia is the top global fertilizer producer.World food prices were already climbing, and the war made things worse, preventing some 20 million tons of Ukrainian grain from getting to the Middle East, North Africa and parts of Asia.Weeks of negotiations on safe corridors to get grain out of Ukraine's Black Sea ports have made little progress, with urgency rising as the summer harvest season arrives."This needs to happen in the next couple of months (or) it's going to be horrific,'' said Anna Nagurney, who studies crisis management at the University of Massachusetts Amherst and is on the board of the Kyiv School of Economics. She says 400 million people worldwide rely on Ukrainian food supplies. The U.N. Food and <keyword id="11963490" type="UNKNOWN" weightage="60" keywordseo="agriculture" source="Orion">Agriculture</keyword> Organization projects up to 181 million people in 41 countries could face <keyword id="13544066" type="UNKNOWN" weightage="60" keywordseo="food-crisis" source="Orion">food crisis</keyword> or worse levels of hunger this year.Here's a look at the global food crisis:<h2>What's the situation? </h2>Typically, 90% of wheat and other grain from Ukraine's fields are shipped to world markets by sea but have been held up by Russian blockades of the Black Sea coast.Some grain is being rerouted through Europe by rail, road and river, but the amount is a drop in the bucket compared with sea routes. The shipments also are backed up because Ukraine's rail gauges don't match those of its neighbors to the west.Ukraine's deputy agriculture minister, Markian Dmytrasevych, asked European Union lawmakers for help exporting more grain, including expanding the use of a Romanian port on the Black Sea, building more cargo terminals on the Danube River and cutting red tape for freight crossing at the Polish border.But that means food is even farther from those that need it."Now you have to go all the way around Europe to come back into the Mediterranean. It really has added an incredible amount of cost to Ukrainian grain,'' said Joseph Glauber, senior research fellow at the International Food Policy Research Institute in Washington.Ukraine has only been able to export 1.5 million to 2 million tons of grain a month since the war, down from more than 6 million tons, said Glauber, a former chief economist at the U.S. Department of Agriculture.Russian grain isn't getting out, either. Moscow argues that Western sanctions on its banking and shipping industries make it impossible for Russia to export food and fertilizer and are scaring off foreign shipping companies from carrying it. Russian officials insist sanctions be lifted to get grain to global markets.European Commission President Ursula von der Leyen and other Western leaders say, however, that sanctions don't touch food.<h2>What are the sides saying?</h2>Ukraine has accused Russia of shelling agricultural infrastructure, burning fields, stealing grain and trying to sell it to Syria after Lebanon and Egypt refused to buy it. Satellite images taken in late May by Maxar Technologies show Russian-flagged ships in a port in Crimea being loaded with grain and then days later docked in Syria with their hatches open.Ukrainian President Volodymyr Zelenskyy says Russia has provoked a global food crisis. The West agrees, with officials like European Council President Charles Michel and U.S. Secretary of State Antony Blinken saying Russia is weaponizing food.Russia says exports can resume once Ukraine removes mines in the Black Sea and arriving ships can be checked for weapons.Russian Foreign Minister Sergey Lavrov promised that Moscow would not "abuse" its naval advantage and would "take all necessary steps to ensure that the ships can leave there freely."Ukrainian and Western officials doubt the pledge. Turkish Foreign Minister Mevlut Cavusoglu said this week that it may be possible to create secure corridors without the need to clear sea mines because the location of the explosive devices are known.But other questions would still remain, such as whether insurers would provide coverage for ships. Dmytrasevych told the EU agriculture ministers this week that the only solution is defeating Russia and unblocking ports: "No other temporary measures, such as humanitarian corridors, will address the issue."<h2>How did we get here?</h2>Food prices were rising before the invasion, stemming from factors including bad weather and poor harvests cutting supplies, while global demand rebounded strongly from the COVID-19 pandemic.Glauber cited poor wheat harvests last year in the United States and Canada and a drought that hurt soybean yields in Brazil. Also exacerbated by climate change, the Horn of Africa is facing one of its worst droughts in four decades, while a record-shattering heat wave in India in March reduced wheat yields.That, along with soaring costs for fuel and fertilizer, has prevented other big grain-producing countries from filling in the gaps.<h2>Who's hardest hit?</h2>Ukraine and Russia mainly export staples to developing countries that are most vulnerable to cost hikes and shortages.Countries like Somalia, Libya, Lebanon, Egypt and Sudan are heavily reliant on wheat, corn and sunflower oil from the two warring nations.<div type="image" title="Farmer Serhiy gestures standing near a mound of grain in his barn in the village of Ptyche in eastern Donetsk region, Ukraine, Sunday, June 12, 2022. Russian hostilities in Ukraine are preventing grain from leaving the “breadbasket of the world&quot; and making food more expensive across the globe, raising the specter of shortages, hunger and political instability in developing countries." height="5267" width="7023" msid="92308795" hostid="261"></div>"The burden is being shouldered by the very poor," Glauber said. "That's a humanitarian crisis, no question.'' Beside the threat of hunger, spiraling food prices risk political instability in such countries. They were one of the causes of the Arab Spring, and there are worries of a repeat.The governments of developing countries must either let food prices rise or subsidize costs, Glauber said. A moderately prosperous country like Egypt, the world's top wheat importer, can afford to absorb higher food costs, he said."For poor countries like Yemen or countries in the Horn of Africa — they're really going to need humanitarian aid," he said.Starvation and famine are stalking that part of Africa. Prices for staples like wheat and cooking oil in some cases are more than doubling, while millions of livestock that families use for milk and meat have died. In Sudan and Yemen, the Russia-Ukraine conflict came on top of years of domestic crises.UNICEF warned about an "explosion of child deaths" if the world focuses only on the war in Ukraine and doesn't act. U.N. agencies estimated that more than 200,000 people in Somalia face "catastrophic hunger and starvation," roughly 18 million Sudanese could experience acute hunger by September and 19 million Yemenis face food insecurity this year.Wheat prices have risen in some of those countries by as much as 750%."Generally, everything has become expensive. Be it water, be it food, it's almost becoming quite impossible," Justus Liku, a food security adviser with the aid group CARE, said after visiting Somalia recently. Liku said a vendor selling cooked food had "no vegetables or animal products. No milk, no meat. The shopkeeper was telling us she's just there for the sake of being there." In Lebanon, bakeries that used to have many types of flat bread now only sell basic white pita bread to conserve flour.<h2>What's being done? </h2>For weeks, U.N. Secretary-General Antonio Guterres has been trying to secure an agreement to unblock Russian exports of grain and fertilizer and allow Ukraine to ship commodities from the key port of Odesa. But progress has been slow.A vast amount of grain is stuck in Ukrainian silos or on farms in the meantime. And there's more coming — Ukraine's harvest of winter wheat is getting underway soon, putting more stress on storage facilities even as some fields are likely to go unharvested and because of the fighting.Serhiy Hrebtsov can't sell the mountain of grain at his farm in the Donbas region because transport links have been cut off. Scarce buyers mean prices are so low that farming is unsustainable. "There are some options to sell, but it is like just throwing it away," he said.U.S. President Joe Biden says he's working with European partners on a plan to build temporary silos on Ukraine's borders, including with Poland, a solution that would also address the different rail gauges between Ukraine and Europe.The idea is that grain can be transferred into the silos, and then "into cars in Europe and get it out to the ocean and get it across the world. But it's taking time," he said in a speech Tuesday. Dmytrasevych said Ukraine's grain storage capacity has been reduced by 15 million to 60 million tons after Russian troops destroyed silos or occupied sites in the south and east.<h2>What's costing more?</h2>World production of wheat, rice and other grains is expected to reach 2.78 billion tons in 2022, down 16 million tons from the previous year — the first decline in four years, the U.N. Food and Agriculture Organization said. Wheat prices are up 45% in the first three months of the year compared with the previous year, according to the FAO's wheat price index. Vegetable oil has jumped 41%, while sugar, meat, milk and fish prices also have risen by double digits.The increases are fueling faster inflation worldwide, making groceries more expensive and raising costs for restaurant owners, who have been forced to increase prices.<div type="image" title="Halimo Hersi, 42, right, buys wheat flour from a shopkeeper in the Hamar-Weyne market in the capital Mogadishu, Somalia Thursday, May 26, 2022." height="3800" width="5066" msid="92308796" hostid="261"></div>Some countries are reacting by trying to protect domestic supplies. India has restricted sugar and wheat exports, while Malaysia halted exports of live chickens, alarming Singapore, which gets a third of its poultry from its neighbor. The International Food Policy Research Institute says if food shortages grow more acute as the war drags on, that could lead to more export restrictions that further push up prices.Another threat is scarce and costly fertilizer, meaning fields could be less productive as farmers skimp, said Steve Mathews of Gro Intelligence, an agriculture data and analytics company. There are especially big shortfalls of two of the main chemicals in fertilizer, of which Russia is a big supplier."If we continue to have the shortage of potassium and phosphate that we have right now, we will see falling yields," Mathews said. "No question about it in the coming years."

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A food insecurity expert predicts that there's only 10 weeks of wheat supplies left in the world as Russian invasion disrupts production

Sarah Al-Arshani

Insider Cannabis: Earnings, earnings, earnings

Jeremy Berke,Yeji Jesse Lee

EXPLAINER: How did Russia-Ukraine war trigger a food crisis?

Associated Press

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