Russia and Ukraine play a leading role in global food production. Together they account for more than a third of the world’s grain exports and just over half of the sunflower oil exports. Russia is also the largest producer of fertilizers.Nearly 50 countries depend on Russia and Ukraine for at least 30 percent of their wheat imports. In 26 countries this is even more than 50 percent. Together, the two countries provide 12 percent of the calories traded worldwide and in total about 800 million people depend on them for their food.The war itself and the sanctions against Russia are having a detrimental effect on both food production and export in both countries. This is especially the case in Ukraine.
The market has been further disrupted because in recent months no fewer than 35 countries have imposed strict restrictions on food exports, out of fear for their own food security. In many cases those are even total bans.
Such a disruption of the global market drives food prices up sharply. As a result of the war, food prices have reached the highest level ever recorded by the Food and Agriculture Organization of the United Nations. Today food prices are on average 34 percent higher than a year ago. For grain, the increase is even 81 percent.Because of the War in Ukraine, We Are Heading for a Global Food Catastrophe – Global ResearchGlobal Research – Centre for Research on Globalization