News

World: FAO with two scenarios for shock grain prices due to the war in Ukraine

Wheat
Maize (Corn)
Crude Canola Oil & Rapeseed Oil
Ukraine
Published Mar 29, 2022

Original content

The war between the two world giants in the export of agricultural products Ukraine and Russia has the potential to rearrange the balance between the forces of world markets. That is why the experts of the United Nations Food and Agriculture Organization (FAO) calculated the impact of the suspended exports and the difficulties with sowing new crops on world markets. In 2021, the two countries are in the top 3 of the world's exporters of wheat, corn, rapeseed, sunflower and sunflower oil, and Russia is the largest supplier of nitrogen fertilizers, the second largest exporter of potassium fertilizers and ranked third in the world. export of phosphorus fertilizers. However, the cessation of trade in wartime poses serious risks to shortages of basic agricultural commodities on world markets, as well as to significant increases in world food prices. Prior to the conflict, the FAO expected wheat exports from Ukraine to reach 6 million tonnes from March to June 2022 alone and 8 million ...
Source: Sinor
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