FOX Business' Stuart Varney breaks down the potential global food shortages that could impact Americans.
If there's one thing the president got right, it’s his statement that there will be food shortages.
Sanctions on Russia, and attacks around the wheat and corn fields of Ukraine, ensure that basic food commodities will be in short supply. And the problem stretches out into the future because there's a shortage of fertilizer. Remember, it was a spike in wheat prices that helped set off the Arab spring.But food price inflation started way before Ukraine was invaded. What does this mean for America? Bad news. I paid $7 for a one-pound loaf of whole wheat bread yesterday.
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