The effects of the war in Ukraine are already being felt across the world, from rocking world energy markets to spurring a growing refugee crisis in Europe. But the conflict could have more ripple effects, including sparking a global food crisis. Russia and Ukraine account for roughly 30 percent of global wheat exports, while Russia is the world’s top exporter of fertilizer and a vital amount of the world’s wheat, corn, and barley is trapped in both countries because of […]
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Russian and Ukrainian wheat is not easily replaced. Inventories are already tight in the United States and Canada, according to the United Nations, while Argentina is limiting exports and Australia is already at full shipping capacity. Over the past year, wheat prices are up 69 percent. Among other major food exports of Russia and Ukraine, corn prices are up 36 percent and barley 82 percent. The war also threatens another longer-term shock to the food markets: a shortage of fertilizer. […]
That’s prompted governments across Europe, Africa and the Middle East to scramble for a new source of nutrition for millions of people. To make matters worse, many of the countries who could help fill those voids — including Hungary, Argentina and Turkey — have placed restrictions on exports of key food products, arguing they need to keep enough supply for their own populations. China has also signaled it will likely hold back on rice exports, another major source of global […]
McDonald’s has made no statement about the invasion. A company spokesman did not respond to questions about whether its restaurants in Russia were open, and how they are receiving supplies or handling payments. Global logistics and freight firms have halted shipments to Russia and access to critical international financial and payment systems is shut down in the country. Russia-Ukraine War: Key Things to Know Card 1 of 3 Protests in Russia. Amid antiwar rallies across Russia, the police said more […]
The Russian tanks and missiles besieging Ukraine also are threatening the food supply and livelihoods of people in Europe, Africa and Asia who rely on the vast, fertile farmlands of the Black Sea region – known as the “breadbasket of the world.” Ukrainian farmers have been forced to neglect their fields as millions flee, fight or try to stay alive. Ports are shut down that send wheat and other food staples worldwide to be made into bread, noodles and animal […]
In the now-viral video, a young Russian soldier can be seen sipping some tea and consuming bread as he tries to calm himself down Screengrab from the video. Credit: Twitter/@ChristopherJM Amid the Russia-Ukraine conflict, a heart-warming video is currently making headlines, showcasing how people are coming out to help each other in times of need, irrespective of the animosity between their countries. The clip shows Ukrainian citizens providing food to a Russian soldier amid the war around them. This heart-warming […]
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Statement by Gilbert F. Houngbo, President of IFAD Rome, 3 March 2022 — At IFAD we are following the situation in Ukraine with a heavy heart. We deplore the loss of life and displacement of populations, and we join the call of the UN Secretary General to end military operations, restore peace and protect human rights. Conflict and hunger are closely intertwined — when one escalates, the other usually follows. As in any crisis, it is the poorest and most […]
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OSLO, March 1 (Reuters) – Russia’s invasion of Ukraine threatens global food supplies, Norwegian fertiliser maker Yara International (YAR.OL) said on Tuesday, adding that the international community needed to reduce its dependence on Russian raw materials for agriculture. Ukraine and Russia are both major exporters of some of the world’s most basic foodstuffs, together accounting for about 29% of global wheat exports, 19% of world corn supplies and 80% of world sunflower oil exports. read more But Russia also exports […]
