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  • Farmer's Weekly

    Russia-Ukraine war continues to wreak havoc on global markets

    May 27, 2022 3 minutes
    AGRIBUSINESS PERSPECTIVE by Hamlet Hlomendlini

    It is not the first time, nor will it be the last, that global agricultural markets have experienced supply-side shocks and price spikes.

    According to the Food and Agriculture Organization of the United Nations, food export bans by many countries, high energy prices, and droughts in numerous food-exporting countries in 2007 and 2008 caused nominal food prices to double between 2002 and 2008.

    In 2020, the COVID-19 pandemic and its lockdowns

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