War between Russia and Ukraine, which countries are most at risk of a food crisis?

Published 2022년 4월 24일

Tridge summary

The article highlights the potential severe impact of the ongoing conflict in Ukraine and Russia on the global food market, particularly affecting countries that rely heavily on these countries for grain and oilseed imports. These countries, including Egypt and Turkey, face a significant shortage of wheat, corn, and sunflower oil, with prices surging and social unrest increasing. The UN Food and Agriculture Organization reports that the price of cereals and oilseeds is experiencing a significant increase, with the FAO Cereal Price Index reaching its highest level since 1990. The situation threatens to push millions of people into poverty, and nations like France have pledged to increase food aid to mitigate the impact.

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

Original content

Flour and bread, soon to be rare commodities? For around 50 countries, which import more than 30% of their grains and oilseeds from Ukraine and Russia, this scenario could become reality. Between the bombings, the shutdown of the economy and the closure of certain ports, the available quantities of cereals and oilseeds are in sharp decline. Because these two countries are behemoths of world cereal production: between them they provide 30% of world wheat exports. And among the world's largest buyers, Egypt and Turkey could bear the brunt of this upcoming grain shortage. 60% of their wheat imports come from Russia and Ukraine. Their supplies have already fallen behind: Egypt and Turkey are expecting 6.6 million and 4 million tonnes respectively for the second half of the 2021/2022 marketing year, according to the United Nations Food and Agriculture Organization. Food and Agriculture (FAO). So much so that Egypt suspended all of its cereal exports in March to replenish its national ...

Source: Bfmtv