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The war has already affected the global grain market

Photo: capitalist.tv

The impact of grain supply problems from Ukraine and Russia was felt by countries dependent on exports.

Russia’s war against Ukraine has already affected nearly a quarter of the world’s grain trade and pushed up world prices. Taras Vysotsky, Deputy Minister of Agrarian Policy, spoke about it in a blog on Forbes.

In the grain -dependent countries of Ukraine and the Russian Federation, food inflation and decreased access to food were recorded.

According to him, the whole world is interested in the earliest end of the war, because the supply of wheat from Ukraine is more than 10% of annual wheat consumption for 15 countries in the world.

In particular, it is 28% of the needs of Indonesia, 21% – of Bangladesh, and Egypt imports almost 80% of its wheat from Russia and Ukraine.

“All border countries have responded to the problem of grain exports from Ukraine to third countries and either significantly simplified the procedures for registration of freight traffic, or are actively working on it. In particular , liberal conditions for Ukrainian carriers have been introduced by: Romania, Slovakia, Hungary, Lithuania, Latvia, Estonia, as well as Italy, Turkey, Bulgaria, Georgia, Denmark, Greece and more recently Austria, ”said deputy minister.

Earlier, Prime Minister Denys Shmyhal said that Ukraine had found at least three options for exporting products during the war. Instead of ports for grain exports, they began to use rail, but the volume of deliveries was several times lower.

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Source: korrespondent

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