The Ministry of Agriculture intends to provide financial assistance from European countries to Ukrainian farmers

Published 2022년 4월 23일

Tridge summary

The ongoing war in Ukraine has significantly impacted the global grain market, leading to a surge in prices and food inflation in countries reliant on Ukraine and Russia for wheat and sunflower oil imports. These countries, including Egypt, Indonesia, and Bangladesh, depend heavily on Ukraine for wheat, accounting for 28% and 21% of their respective needs. The conflict has also disrupted agricultural production and infrastructure in Ukraine, affecting its ability to export agricultural products. Despite these challenges, Ukrainian farmers are seeking an uninterrupted supply of necessary resources and are in talks with European partners for financial aid. In response, various European countries and G7 nations have eased restrictions to facilitate grain exports from Ukraine.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The war in Ukraine has already affected about 25% of world grain trade and has led to rising world prices, food inflation and declining access to food in Ukraine's and Russia's importing countries. In particular, wheat and sunflower oil. The First Deputy Minister of Agrarian Policy and Food of Ukraine Taras Vysotsky wrote about this in a blog on Forbes, the press service of the Ministry of Agriculture reports. Taras Vysotsky notes that the whole world is interested in resolving the situation, as the supply of wheat from Ukraine is more than 10% of the annual wheat consumption for 15 countries. For example, this is 28% of Indonesia's needs, 21% of Bangladesh's, and Egypt imports almost 80% of its wheat from Russia and Ukraine. According to him, these two countries together account for 30% of world exports of wheat and barley, 18% - corn, about 80% oil and meal. In 2021, Ukraine exported agricultural products to more than 180 countries and most of all to the EU - almost 30%. Among ...
Source: Agropolit

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