What Impact will Ukraine's conflict with Russia have on global food supplies?

The Russian-Ukraine conflict has roiled commodity markets and put commodity supplies in jeopardy.

To comprehend how crucial Ukrainian and Russian farmers are to the rest of the globe, we need to grasp how much they export and also which countries might be impacted the most. 

As we can see from the graphic, both countries export the majority of the world's sunflower-seed oil, while Russia is the world's leading wheat exporter. In 2020, Ukraine and Russia together accounted for around 26% of worldwide wheat exports. The world might need to tackle the issue while facing the conflict between the two countries. 

From the graph above, we can see that Russia and Ukraine are positioned to be the most crucial food suppliers for countries that are suffering from food insecurity, including Indonesia. Indonesia is among the largest wheat importers of Ukrainian wheat. Hence, we may expect some price increases and a scarcity of wheat from Ukraine in the country. However, we hope that the government may find an alternative solution in response to the issues. 

Furthermore, it will also cause food instability and hunger around the world. We should expect a price increase in wheat in the near future.

In conclusion, we have seen that both countries are significant providers of several commodities, and a prolonged crisis would increase the risk of supply disruptions and higher food prices for many people around the world.

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