Quote (Prox1m1ty @ 4 Feb 2024 12:41)
I think the Chinese will be way more concerned about feeding over a billion people itself.
Also Russia is not even in the top 10 food exporters globally. For grain, sure. But that will disproportionately affect the Turkeys, Egypt's, Middle east or African countries.
Top food exporters in Value
1 United States 72,682,349.79
2 Germany 34,628,800.73
3 United Kingdom 29,540,218.71
4 China 25,152,286.27
5 France 24,114,557.76
6 Netherlands 23,271,570.93
7 Japan 21,870,881.77
8 Canada 21,803,448.88
9 Belgium 15,742,034.88
10 Italy 13,890,507.81
Crazy that UK is third.
Of course Russia isn't a top food exporter when they've spent the last 3 years cut off, and the last 7 years heavily sanctioned.
Further, the primary things Russia exports are grains, as you mentioned, in raw form. The US and Europe export a massive amount of processed foods. Be they canned, frozen, etc. Like, some 20% of everything eaten in the US is from Mexico, yet you don't see them on that list either, because we're buying the raw goods, not the much more expensive processed goods.
The difference between processing the raw product and selling the processed product and just selling the raw product is massive in terms of value. Kind of how the US spent the years under Trump buying up cheap Russian oil. They got next to nothing for their crude, especially with our own production driving the price down. But we took their crude, refined it, and made BANK reselling the thousands of refined products crude leads to all over the planet.