Russia-Ukraine War impact on the global food supply chain
Russia-Ukraine War impact on the global food supply chain
Share:

Impacts of Russia-Ukraine war can be seen disrupting the countries around the world affecting on different levels. Human sufferings had the biggest rule out of the Russia-Ukraine war. But food and fuel crises have also been ruled out in war situation affecting the overall world.

War has an direct impact on the production, harvesting, distribution and shipping of the food supplies, this war has came at the time when economy was already facing the price hikes or inflation around the globe due to the Covid situation in the nations being in lockdown.

The war has mostly affected the wheat following with maize, edible oils and fertilizers.  

Even before the war outbreak the food insecurity was on rise with an estimation of 44 million people at the brink of famine. Russia and Ukraine jointly export around the one third of the world’s wheat and barley, more than 70% sunflower oil and corn. Russia is also a top fertilizer producer in the world.

The war has prevented over 20 million tons of Ukrainian grain to reach Middle East, North Africa and some parts of Asia. Pakistan being in the worse food condition right now has been an outcome of the war situation as Ukraine food supply has been stopped.

Around 90% of the wheat and other grains are exported through sea from Ukraine but these containers have been held up by the Russia in the Black Sea coast. After the war, Ukraine has transported only 1.5 million to 2 million tonne of grains per month.

Elsewhere Russia too is facing the same situation due to the sanctions imposed on it by the Western countries. Sanctions have been made on its banking, shipment industries which have made it impossible for them to circulate the grains. And because of these sanction export of fertilizers has also been affected tremendously.

Ukraine has pointed out Russia for the global food crisis to which Western countries agree too like European Council President Charles Michel and US Secretary of state Antony Blinken.   

This war between both the countries has mainly effected the developing nations crushing down their food supply chain and could get affect badly due to the hike in prices and limited availability of resources.

China has its role played out in the shortage of the availability of food as it’s is imposing the lockdowns, due to continuous Covid outbreak in the country. These lockdowns disrupts the trade made by sea which has contributed to the higher inflations.

Prior to the start of the war it was predicted that economy will in recovering period for year 2022 and 2023 due to the Covid effects but the war the situation has changed negatively.

World Economies will face recession in 2023 due to underlining reasons

'Pak will break into many pieces this year..,' says Muqtedar Khan

World Record: Disabled girl made unique painting by writing 'Ram' 50,181 times

Share:
Join NewsTrack Whatsapp group
Related News