Ukraine war could send bread, noodle and livestock feed prices skyrocketing
2 years, 9 months ago

Ukraine war could send bread, noodle and livestock feed prices skyrocketing

ABC  

The Russian tanks and missiles besieging Ukraine are also threatening the food supply and livelihoods of people in Europe, Africa and Asia who rely on the vast, fertile farmlands of the Black Sea region — known as the "breadbasket of the world". Key points: Russia and Ukraine combine for nearly a third of the world's wheat and barley exports Wheat prices surged 55 per cent a week before the invasion amid concerns about what could happen The biggest impact of the war could be on Egypt, the world's largest wheat importer Ukrainian farmers have been forced to neglect their fields as millions flee, fight or try to stay alive. While there have not yet been global disruptions to wheat supplies, prices have surged 55 per cent since a week before the invasion amid concerns about what could happen next. Fears bread prices could skyrocket in Egypt Anna Nagurney, a professor of supply chains, logistics and economics at the University of Massachusetts Amherst, said: "Wheat, corn, oils, barley, flour are extremely important to food security … especially in the poorer parts of the globe." African countries imported agricultural products worth US$4 billion from Russia in 2020, and about 90 per cent was wheat, said Wandile Sihlobo, chief economist for the Agricultural Business Chamber of South Africa.

History of this topic

Grain spat drags Ukraine’s ties with ally Poland to lowest point since start of Russian invasion
1 year, 3 months ago
Russian missile attacks leave few options for Ukrainian farmers looking to export grain
1 year, 4 months ago
UN chief urges Russia to revive grain deal with Ukraine, warning ‘the most vulnerable’ will suffer
1 year, 5 months ago
UN chief urges Russia to revive grain deal with Ukraine, warning ‘the most vulnerable’ will suffer
1 year, 5 months ago
Russia’s exit from grain deal puts focus on Asia’s food prices
1 year, 5 months ago
Wheat prices spike after Russia bombs Odesa grain port in Ukraine, threatens to attack ships
1 year, 5 months ago
Why allowing Ukraine to ship grain during Russia’s war matters to the world
1 year, 5 months ago
Russia halts deal allowing Ukraine to export grain, in a hit to global food security
1 year, 5 months ago
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1 year, 5 months ago
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1 year, 6 months ago
Russia agrees to extend Ukraine grain deal in a boost for global food security
1 year, 7 months ago
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1 year, 7 months ago
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1 year, 7 months ago
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1 year, 8 months ago
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1 year, 9 months ago
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2 years, 4 months ago
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