Its lips say no. But China's granaries say yes

Beijing denied being tipped off about Moscow's Ukraine invasion, but it started hoarding grain just months ahead.

The global grain industry is scrambling to offset the loss of wheat from Ukraine and Russia, which together account for 28% of global wheat exports by weight. Rising prices and fears of shortages of wheat, cooking oil and fuel have sparked panic buying across the Middle East, with importers there shifting purchases sharply to Brazil.

One nation many pred…