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
Ukrainian corn exports exceed 1.9 mln tons
Soy supply disruptions hit the EU amid EUDR uncertainty
Egypt establishes silo project to expand wheat storage capacity
October rains improve winter crop conditions even in Ukraine’s driest regions
Spread between sunflower and palm oil reaches $270 per tonne
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon