Floods in China and war in Ukraine cause grain shortage, while strained supply chain adds to squeeze on a staple food for millions
since the beginning of the year, to record highs, according to data from Mysteel, a China-based consultancy, and may rise further if wheat costs keep climbing.
Mama Lai and her husband have run their food stall in a small Taipei street market for more than three decades, but she has rarely seen such high price increases. “Compared to past decades, I feel the noodle prices have increased a lot more in the last two to three years,” she says. “It keeps going up. I didn’t really feel the price increases until the last five years.”The price of wheat had already risen sharply due to the coronavirus pandemic and snarl-ups in the global supply chain. But the war in Ukraine has seen the price almost double from November when it was about $260 per tonne to about $475 per tonne in mid-May this year.
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