Conflict Fuels Food Security Concerns
The Ukraine crisis is holding “a sword of Damocles” over the global economy, UN Secretary General António Guterres has warned, especially over poor, developing countries that face skyrocketing food, fuel and fertilizer prices, and are now seeing their breadbasket being bombed.
Alarm bells
Ukraine and Russia are critical to ensuring the food security of many other countries. The two together account for a quarter of the global grain trade and constitute a third of global wheat and barley exports. Ukraine is the fifth largest exporter of wheat in the world, as well as a large exporter of sunflower oil, along with oats and some other cereals.
Low-and middle-income countries are important beneficiaries of Russian and Ukrainian wheat. Forty-five African and least developed countries import approximately one third of their wheat from
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