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.
Read also
Romania wants to become one of the owners of the Moldovan port of Giurgiuleşti
Price of a ton of Ukrainian agricultural exports increased 1.4 times
Spring sowing rates in the US are above average
Showcase Your Business Among the key Market Makers at BLACK SEA GRAIN.KYIV!
Crude palm oil to become cheaper than soybean oil again this month – analysts
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon