Ukraine, the granary of Europe and Spain imported 42% of the cereal

Published 2022년 2월 25일

Tridge summary

The ongoing conflict in Ukraine, led by Russia, has raised concerns about the stability of Europe's food supplies, as Ukraine is a key producer and exporter of various crops such as sunflower, barley, and corn, and also a significant supplier of fish, crustaceans, molluscs, and canned vegetables to Spain. The conflict could lead to increased prices for these goods, especially cereals, as Spain is a major importer of Ukrainian cereals. The Spanish food and drink industry, which exports valued at 33,945 million euros and had a trade surplus of 12,608 million euros in 2021, is apprehensive about the potential economic impact on the industry due to the conflict, particularly with regards to the import of raw materials and the broader energy market.

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Original content

Putin's blitzkrieg, which has allowed Russian troops to reach the center of Kiev, the capital of Ukraine, threatens food supplies to the Old Continent from a country that is known as the breadbasket of Europe, since it occupies the first positions in the production and export of sunflower, barley or corn, to name a few products. Only Spain buys 42.2% of the cereals it imports from Ukraine, which could lead to a notable rise in prices. Ukraine is an eminently agricultural state, thanks, among other things, to its remarkable geographical extension: a total of 603,548 square kilometers, larger than France. In fact, Ukraine is the first nation on the continent and the second in the world, behind Bangladesh (Asia) in percentage of arable land (56%). Ukraine ranks third in the world by the area of black soil (25% of the world volume). Black soils, which as their color indicates are dark in tone, are characterized by being rich in organic matter or humus, making them extraordinarily ...

Source: El Economista America