Battle of the breadbasket. Examining the potential effect of the conflict in Ukraine on world food prices
Full details
| Authors & editors | |
| Publisher | Milling & Grain |
| Year of publication | 2022 June |
| Languages | |
| Medium | Digital |
| Edition | 1 |
| Topics | Economics & commerce > Cereal products |
| Tags | |
| Scope & content | By Andrew Wilkinson, Milling and Grain magazine Known as the ‘breadbasket of Europe,’ the combined agricultural output of Russia and Ukraine accounts for nearly a third of the world’s wheat and barley, and two-thirds of the world's export of sunflower oil. To date, the conflict has damaged many of Ukraine's ports and agricultural infrastructure and that is likely to limit the country's agricultural production for years. This is a huge issue in terms of world food prices as in addition to the already listed statistics, Ukraine is also the world's fourth largest corn exporter, whilst it also being a major contributor to the world’s supply of rapeseed oil. Russia and Belarus, who are both being severely limited by the imposition of western sanctions and their own export bans, account for more than 40 percent of global exports of potash – a widely used crop nutrient. Read more about: Escalating food and energy prices The self-preservation societies Not just about Ukraine Is it just the war? So how bad is it? Some good news… World food prices - six key points |
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