Publication:

Ukraine at war. An assessment of the country’s current grain storage and transportation situation

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    Authors & editors

    Publisher Milling & Grain
    Year of publication 2022
    Languages

    Medium Digital
    Edition1
    Topics

    Contemporary news > 2022
    Economics & commerce > Data & reviews

    Scope & contentBy Andrew Wilkinson, Milling and Grain magazine

    Ever since Russia invaded Ukraine on February 24, 2022, the wider world has not only looked on in horror at the attack, but it has also been bracing itself for the arrival of the inevitable ripples of negativity emanating from the area to arrive and engulf their own food prices. This is largely because grain exports are a cornerstone of Ukraine’s economy - totalling about US$12.2 billion in 2021 and accounting for nearly a fifth of all the country’s exports.

    According to the United Nations Food and Agriculture Organisation, the price of vegetable oils increased by 23% in March, wheat prices by 20% and maize 19.1%, with both Ukraine and Russia being big exporters of these commodities.

    That said, prices had been rising before the war because the Covid-19 pandemic disrupted supply chains and bad weather affected harvests: this is now another strain for families…Read more.

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