The Other Hormuz: Black Sea Blockade Threatens a Food Supply Shock

AI Summary

The escalation of the conflict in Ukraine has led to a blockade in the Black Sea, disrupting wheat shipments crucial to global food supply chains. Vietnamese milling companies that rely heavily on Black Sea wheat face significant shortages, highlighting the broader food supply crisis.

Tue Vuong had secured four cargoes of wheat harvested from fertile lands around the Black Sea, roughly a fifth of what his milling company 5,000 miles away in Vietnam uses annually. Then he was told it wouldn’t get shipped following a summer escalation in Russia’s war with Ukraine.