Just a thought about food in Ukraine.
We've talked about the knock on effects to the rest of the world, but even in Ukraine there is going to me a massive problem soon.
Its not just about not being able to export. There is a lack of storage in the country, which is going to pose logistical and supply problems domestically.
With the population displaced an many without an income as a result things are going to get desparate, even within the western most parts of the country.
Think about it; Lviv would have facilities for its regular population. This has now swelled to huge numbers. So how do they cope with the extra?
Inflation will hit food prices so will hit even those who are working in Ukraine. And if there is a worldwide crisis, what capacity is the UN going to have to cover the humanitarian crisis both in Ukraine and elsewhere? Ukraine is used to providing for its own food needs. This is going to hit hard.
At the moment many ukrainians have returned to their country after fleeing initially, particularly if they are from safer areas. We could well see reverses in this current trend (more returning than leaving). This is where we could see a lot more people seeing the UK as an option and there being a later wave of exodus.
As an aside. A standard bottle of rapeseed oil at my local supermarket was about £2 around a month ago. Then the shelves have been largely bare of it as many manufacturers switch from sunflower oil to rape seed oil. Today, it was back on the shelves for the first time is a number of weeks. The same brand which was £2 a bottle, is now £4 a bottle.
Anything which involves either sunflower oil or rapeseed oil is going to be affected by these kind of price hikes.