The world economy has just begun to recover from the impact of the coronavirus pandemic, as it again suffers from even more terrible factor – geopolitical.
The war unleashed by Russia against Ukraine threatens the global food security. The shipment of essential food and raw materials from both countries has been stopped, the planting campaign is in danger.
A number of states ban the export of grains and oilseeds in both official and unofficial ways, trying to protect their domestic markets. The main importers of Black Sea grain are looking for alternative sources of import that changes the trade flows. Grain prices have already hit their maximum levels. Numerous sanctions imposed by the entire civilized world on Russia have an additional impact on the situation.
The world analysts are pessimistic as to the global food security in the event of continued hostilities in Ukraine.
At the same time, the weather factor has already affected grain productions in some countries.
APK-Inform continues to monitor closely the impact of these and many other factors on the grain, oilseed and related markets.
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