Sonny Perdue talks impact of Ukraine war on food exports: It'll take 'a while' to work out
'We may see refugee transfers from nation to nation based on literal food shortages,' the former Agriculture secretary says
Sonny Perdue talks impact of Russia-Ukraine war on food exports: 'It'll take a while to work that out'
Former U.S. Agriculture Secretary Sonny Perdue says the U.S. may see higher food prices but that Americans should not encounter a supply shortage issue.
Former U.S. Secretary of Agriculture Sonny Perdue joined "Cavuto: Coast to Coast" Thursday to discuss the impact of the Russia-Ukraine war on food exports to different parts of the world, arguing the "huge decrease" in global supply will "take a while" to work out.
SONNY PERDUE: Russia, since 1973, had developed into a major wheat exporter. You remember after we embargoed the US wheat going to Russia, they became self-sustainable and wheat export and they were huge as well as Ukraine being the breadbasket. So that's a huge decrease in supply globally and it'll take a while to work that out. The good part is, Neil, we won't have shortages here, price increases, maybe we won't have shortages. Other parts of the world may literally have shortages. We may see refugee transfers from nation to nation based on literal food shortages.
Former U.S. Agriculture Secretary Sonny Perdue discusses the Ukraine war during an appearance on "Cavuto: Coast to Coast" on April 28, 2022. (Fox News)
GET FOX BUSINESS ON THE GO BY CLICKING HERE
WATCH THE FULL INTERVIEW BELOW:
Former Agriculture secretary: Commodities have been volatile for years
Former U.S. Secretary of Agriculture Sonny Perdue discusses rising grain prices, the impact of the war on Ukraine's top exports and the importance of marketing diplomas to young people.