As importing and exporting industries around the world are bracing for the war's impact, some food manufacturers are already voicing concerns.
The UK Department for Environment, Food and Rural Affair's minister Victoria Prentis recently spoke out about the situation, the Guardian reports. According to her, the price of pork is likely to see significant increases in the United Kingdom.
Prentis explained that her department has been trying to figure out ways to handle any issues with the supply chain. "I’ve been talking to the pig industry," she said, "a very, very difficult supply chain at all levels, are we prepared to buy more British high-welfare pigs? We will have to pay more." Since Ukraine is known as the bread basket of the world, food manufacturers are bracing for wheat and grain prices to increase.FOX Business previously reported that an increase in grain prices is also expected. Ukraine is often referred to as the bread basket of the world due to the high amount of grain grown in the region.Due to the war and the resulting supply chain issues, exporting is likely going to become more expensive, forcing buyers to have to seek alternate sellers.
Meanwhile, some products like beer are also expected to see price increases. While some major manufacturers are expected to be ok, smaller brewers may struggle to obtain the types of grains needed to make specialty beers.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia-Ukraine war live updates: Ukraine defends as Russia invades major citiesA father says goodbye to his family as they leave for Poland on a bus Thursday in Lviv, Ukraine. 📷 Dan Kitwood / Getty
Read more »
Russia-Ukraine war: United Nations approves resolution condemning Putin, Russia: LIVE UPDATESThe Russian invasion of Ukraine stretched on into its seventh day Wednesday with a massive air assault on the second city of Kharkiv and forces moving toward the capital of Kyiv.
Read more »
Ukraine-Russia War: Russia occupies Kherson and Kyiv faces intense bombingsThe war enters a second full week. Thousands are dead, one Ukrainian city has been occupied, others are under siege, and a major European war continues.
Read more »
Russia-Ukraine live updates: Russia takes Kherson government building in siege on Ukraine’s port citiesRussia takes Kherson government building in siege on port cities, Ukrainian official says. Follow our live coverage.
Read more »
Russia-Ukraine live updates: Russia blocks access to Facebook over warRUSSIA-UKRAINE WAR UPDATE: Russia's state communications watchdog has ordered to completely block access to Facebook in Russia amid the tensions over the war in Ukraine.
Read more »