Ukraines rising role in grain exports complicates impact of crisis
Ukraine has significantly climbed the ranks in grain exports over the last decade, this year aiming for No. 3 in wheat and No. 4 in corn, though the latest conflict with Russia has instilled fear in markets over whether Ukraine’s export efforts can succeed
It is uncertain how exports might be affected, if at all, should the conflict escalate. Global food security is of top concern if Ukraine’s exports are disturbed as much of its grains are destined for Middle East and African nations that depend heavily on imports. Recently, more than 40% of Ukraine’s annual corn and wheat shipments have headed to the Middle East or Africa. Historic droughts in the Middle East and North Africa last year have exacerbated grain needs with rising domestic food prices and lingering shortage fears. Grain exports are a cornerstone of Ukraine’s economy. The country this year is expected to export more than three-fourths of its domestic corn and wheat crop.
تاریخ: شنبه ١٦ بهمن ١٤٠٠ ساعت: ١٠:١٢
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