[Featured Stock] Goryeo Industry Ignites Grain War... US Military Intervention Rises Amid Food Shortage

[Asia Economy Reporter Hyungsoo Park] The stock price of Goryeo Industry, which produces and sells livestock compound feed, is on the rise. Amid the global food crisis escalating due to Russia's blockade of Ukrainian grain exports, news that the U.S. military commander in Europe and Africa may need to intervene to resolve the food shortage appears to be influencing the stock price. This is perceived as an example showing the severity of the grain shortage issue.

As of 11:25 a.m. on the 27th, Goryeo Industry is trading at 7,860 won, up 21.11% from the previous day. Hanil Feed surged to the upper price limit.

According to major foreign media, Christopher Cavoli, the U.S. Army General and Supreme Commander of U.S. Forces in Europe and Africa, warned at the U.S. Senate Armed Services Committee confirmation hearing that Russia's blockade of Ukrainian grain exports will activate global terrorist organizations.

General Cavoli explained that terrorist groups such as the Islamic State (IS) and Boko Haram will benefit from the food shortage caused by the war, stating, "These groups feed on fragile governance, food insecurity, corruption, and poverty."

He suggested that the U.S. military might intervene at some point to allow the resumption of Ukrainian grain exports. However, he refrained from commenting on whether he would recommend such an approach if confirmed as the NATO Supreme Allied Commander.

The signs of food weaponization, which began with Russia's invasion of Ukraine, are appearing worldwide. According to governments and major foreign media, India has halted wheat exports this month and plans to restrict sugar exports as well.