The Banking Executive Magazine - April 2022 Issue

Who Owns World Resources? Russia's 2022 invasion of Ukraine has a major impact on global wheat production. Russia and Ukraine together account for nearly 30% of the global wheat trade. As a result, Russia's 2022 mil- itary invasion of the Ukraine sent global wheat prices soaring, with Ukraine's production ability compro- mised and many countries restricting or shutting down trade relations with Russia. Russia is also a major sup- plier of fertilizer, which is vital to maximizing crop yields, which adds another layer of complication for farmers. ISSUE 160 APRIL 2022 the BANKING EXECUTIVE 13 World’s Top Wheat Producers # Country Cubic Meters (2020) 1 2 3 4 5 6 7 8 9 10 China India Russia United States Canada France Pakistan Ukraine Germany Turkey 134,254,710 107,590,000 85,896,326 49,690,680 35,183,000 30,144,110 25,247,511 24,912,350 22,172,100 20,500,000 Sources: worldometers , FAOSTAT - Food and agriculture data by FAO (Food and Agriculture Organization of the United Nations), The State of Food Insecurity in the World published by FAO, World Population Prospects published by the United Nations Popu- lation Division, United Nations Statistics Division, the World Bank, the world population review, International Wheat Production Statistics – Wiki, Wheat Production - Food and Agriculture Organization of the United Nations, the Institute of Food Science and Technology, CIA World Factbook and Investopedia.