Crisis in Ukraine, agriculture (also) pays the price

The USDA report is clear: the Russian invasion of the country has cut off agricultural exports from the region and created uncertainties about supplies from the Black Sea, further increasing commodity prices and increasing market volatility The conflict in Ukraine is only the last element that is added to a scenario already burdened by covid-19, by the increase in global demand for agricultural commodities led by China, by the alarm for climate change that between drought and other unknown factors has contributed to inflaming the prices of cereals, oil seeds, but also to slow down logistics, to raise the cost of transport, energy and fuel, making it difficult for many countries to find fertilizers. A picture made even more worrying if we consider that Russia and Ukraine are important exporters of oil and flour from wheat, corn, barley and sunflower. The Russian invasion of Ukraine disrupted agricultural exports from the region and created uncertainties over Black Sea supplies, ...