The importance of Ukraine and the Russian Federation for ...

Information Note The importance of Ukraine and the Russian Federation for global agricultural markets and the risks associated with the current conflict 25 March 2022 Update Executive Summary 1. Market structure, trade profiles and recent price trends Market shares The Russian Federation and Ukraine are among the most important producers of agricultural commodities in the world. Both countries are net exporters of agricultural products, and they both play leading supply roles in global markets of foodstuffs and fertilisers, where exportable supplies are often concentrated in a handful of countries. This concentration could expose these markets to increased vulnerability to shocks and volatility.

• Economic sanctions imposed on the Russian Federation could disrupt itsalso imports of agricultural inputs, notably pesticides and seeds, the country on which is highly dependent. This could result in less plantings, lower yields and lower qualities, exposing the Russian agricultural sector and global food supplies , at large, to

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