Ukraine-Russia conflict could trigger major food price hike – FAO
International food and feed prices could rise by between 8% and 20% as a result of the conflict in Ukraine, triggering a jump in the number of malnourished people around the world, the UN food agency said on Friday.
In a preliminary assessment on Russia’s invasion of Ukraine, the Food and Agriculture Organisation (FAO) said it was not clear if Ukraine would be able to harvest crops during a protracted conflict, with uncertainty also surrounding Russian food exports.
FAO said Russia was the world’s largest exporter of wheat, while Ukraine was the fifth largest. Together, they provide 19% of the world’s barley supply, 14% of wheat, and 4% of maize, making up more than one-third of global cereal exports.
Tags: Ukraine, Russia, harvest, prices, wheat, Feed, FAO, Food, exporter, cereal
Read also
2024 April articles in Black Sea & Danube Oilseed and Black Sea & Danube...
Couldn’t attend BLACK SEA GRAIN.KYIV? Catch up with the insights – get the e...
Bunge, Viterra merger raises competition concerns in Canada
Argentina’s Soybean Crushers Strike Just as Harvest Gathers Pace
Sergey Feofilov, UkrAgroConsult, will speak at the 5th CeMI Commodities Exchange M...
Write to us
Our manager will contact you soon