A crucial portion of the world’s wheat, corn and barley is trapped in Russia and Ukraine because of the war, while an even larger portion of the world’s fertilizers is stuck in Russia and Belarus.
Ukrainian winter wheat crops are in good condition and the country will have enough bread this year, Deputy Agriculture Minister Taras Dzoba said late on Wednesday.
The Ukrainian Grain Association (UGA) called on the international grain business to stop cooperation with Russian business and the aggressor state of the Russian Federation due to its invasion of Ukraine and the buildup of military aggression.
Ukraine is an agricultural powerhouse and the war is sending shockwaves through global markets.
Raising the alert of Russian nuclear forces is a bone-chilling development. The prospect of nuclear conflict, once unthinkable, is now back within the realm of possibility. The security and safety of nuclear facilities must also be preserved. It’s time to stop the horror unleashed on the people of Ukraine and get on the path of diplomacy and peace.
Market structure, trade profiles and recent price trends
WFO is close to all those suffering from conflicts and adds its voice to calls for a rapid resolution of the Ukraine crisis in the interest of all.
This blog post is part of a special series on the global and regional food security implications of rising food and fertilizer prices that began with the pandemic and are now exacerbated by Russia’s invasion of Ukraine. The blog series is curated by IFPRI Senior Research Fellows Joseph Glauber and David Laborde to offer a range of perspectives and analyses on both the short- and long-term impacts