The Russian invasion of Ukraine reminds us that agriculture and agricultural policy have global and geostrategic dimensions

Agrar Debatten
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Monday, March 7, 2022
The Russian invasion of Ukraine will have immense consequences for millions of Ukrainians, for security in Europe, and for energy markets, but also for agricultural markets and global food security. Ukrainian grain production and exports will likely fall by at least 35 million tons compared with 2021. In addition, damage to infrastructure such as harbour facilities will make it difficult to export any surpluses that are produced. Russian production will most likely not be affected, but logistic and financial restrictions will delay, re-route, and possibly reduce Russian grain exports. In anticipation of these effects, global grain prices have jumped to historical highs. Unless the hostilities end and Russian troops withdraw immediately, there is little relief in sight. Global grain markets were tight before the invasion took place, and will remain so, possibly for years to come.
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