Food crisis threatens the Middle East and North Africa

Published 2022년 5월 10일

Tridge summary

The Russo-Ukrainian war is poised to significantly impact wheat and grain supplies in the Middle East and North Africa (MENA), as these regions rely heavily on Russia and Ukraine for their exports. The conflict has already led to a 30% increase in wheat futures prices and the closure of the Black Sea route, a crucial channel for exporting grain from Ukraine to MENA countries. Additionally, Western sanctions on Russia have affected fertilizer exports, which are essential for maintaining crop production. The poorest populations in the MENA region are particularly vulnerable to the resulting inflation and food price hikes, which could lead to social and political unrest. MENA countries are struggling to find alternative sources for food imports as global inflation and export restrictions limit their options, further exacerbated by water shortages in the region. Experts warn of an unprecedented economic shock and potential social and political destabilization due to the worsening economic challenges in these countries.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Bread has been a lifeblood of civilizations for centuries, and revolutions and revolutions have infuriated, especially in the Middle East and North Africa. And now the Russo-Ukrainian war could have a severe impact on wheat and grain supplies in the region. Photo by Pixabay Russia and Ukraine account for roughly a third of the world's total wheat exports, 20 percent of corn exports and 80 percent of sunflower oil exports. Significant quantities of raw materials enter the Middle East and North Africa (MENA) region. Since the outbreak of the war in February, wheat futures prices have risen 30 percent, while more than 95 percent of Ukraine’s total grain, wheat, and corn exports before the war were shipped through the Black Sea, with half to the MENA countries. This key trade channel is now closed due to the war, which could have a severe impact on MENA economies, the CNBC writes. Ukraine is currently trying to export some of its crops by rail, but this has significant logistical ...

Source: AgroTrend