the wheat. you can t get it from this major the wheat. you can t get it from this major powerhouse, where can you -o? this major powerhouse, where can you go? brazit this major powerhouse, where can you go? braziland this major powerhouse, where can you go? brazil and argentina are suffering from drought. the us and canada suffering from drought. the us and canada has. we re in a situation where canada has. we re in a situation where it s canada has. we re in a situation where it s very difficult to replace any exports from russia.- where it s very difficult to replace any exports from russia. that s the im act on any exports from russia. that s the impact on wheat any exports from russia. that s the impact on wheat exports, any exports from russia. that s the l impact on wheat exports, potentially corn and sunflower oil as well. talk about the gas and oil situation and how that can impact countries in the middle east and africa. how that can impact countries in the middle
prices and be able to increase the revenues. that could help them, which revenues. that could help them, which is revenues. that could help them, which is why we need so desperately, but if which is why we need so desperately, but if there s no way to. would have but if there s no way to. would have led but if there s no way to. would have led to but if there s no way to. would have led to food rise in the past. back have led to food rise in the past. back in have led to food rise in the past. back in 2010, it was russia when we had a back in 2010, it was russia when we had a very back in 2010, it was russia when we had a very big drought that led to soaring had a very big drought that led to soaring wheat prices. that led to. it s soaring wheat prices. that led to. it s not soaring wheat prices. that led to. it s not as soaring wheat prices. that led to. it s not as set soaring wheat prices. that led to. it s not as set inconceivable, but the it s not as set
exports the shipments, purely because the exports are the shipments, purely because the exports are pretty much blocked. there exports are pretty much blocked. there is exports are pretty much blocked. there is a exports are pretty much blocked. there is a huge safety element, and hopefully, there is a huge safety element, and hopefully, these shipments are on a daily basis to feed the population. right daily basis to feed the population. right now, we already see countries can t afford right now, we already see countries can t afford at a time when food is a huge can t afford at a time when food is a huge part can t afford at a time when food is a huge part of consumer prices. this is massive a huge part of consumer prices. this is massive inflation. you a huge part of consumer prices. this is massive inflation. is massive inflation. you may have hear me speaking is massive inflation. you may have hear me speaking to is massive inflation. you may have hear me
there are some geopolitical issues at play, but we won t put more oil onto the marketjust yet. there are still other domestic factors at play for particular countries. for particular countries. there is a samira hussain for particular countries. there is a samira hussain looking for particular countries. there is a samira hussain looking at - for particular countries. there is a samira hussain looking at the - samira hussain looking at the russian oil dimension. other commodities are also under pressure. russia and ukraine together supply more than a quarter of the world s wheat exports. almost 20% of corn exports and 80% of sunflower oil exports. but the countries that rely most heavily on grain imports from russia and ukraine are egypt, turkey and many countries in north africa. over 40% of ukraine s wheat and corn exports went to the middle east or africa. around 70% of russia wheat exports went to the same regions last year. commodities expert kona haque says the impact on tho