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The cost of wheat has increased by as much as 40% as Russia's invasion into Ukraine has impacted trade from Black Sea ports, according to this source. The Russian Ukrainian conflict has caused supply disruptions.

The availability of food in America could get worse, says reports. After Thanksgiving, shoppers noticed price hikes and food product shortages in grocery stores. Meat prices are on the decline in local supermarkets. What a relief? The cost of poultry, eggs, fish, and meat fell by 0.4% between November to December. Here are the other dips on the meat aisle:

As we all know, food prices are already soaring in the United States. If the shortages continue, food producers will be forced to increase prices even higher. According to farmers, importers, and manufacturers, the cost of essential food such as bread, cookies, cereal, and pasta is likely to rise by between 4% and 50% over the coming months.

As we all know, some situations are getting worse day by day in the United States because of the conflict between Russia and Ukraine. The Russian-Ukrainian conflict has also massively affected the global commodities market. Russia is the world's biggest wheat exporter, with Ukraine coming in fourth. They collectively account for 30% of global wheat exports, 19% corn exports, and 80% sunflower oil exports.

Russia and Ukraine grow about 14 percent of the world’s wheat and together account for almost a fourth of global wheat exports. Wheat prices had a record weekly gain of about 30% since Russia invaded Ukraine.

Roberto Montoya/Getty Images (Canva Pro license.) The price of wheat swelled to $10.28 on Tuesday, marking the highest price per bushel since 2014. Today, some economists are concerned that the global economy could soon face the largest wheat shortage in history due to the ongoing conflict between Russia and Ukraine.