The world should ready itself for a possible global food crisis in the coming months amid the fallout of the Russian-Ukrainian conflict, according to a new report (pdf) from agricultural financial advisory Rabobank.
Over the past 20 years, Russia, Belarus, and Ukraine have become major suppliers in global grain and agricultural markets, producing between 20 to 30 percent of a range of primary products, including wheat, corn, barley, canola, sunflower oil, pulses, nitrogen-based fertiliser and potash.
Rabobank noted that given the impossibility of estimating how much grain and other agricultural products Ukraine will be able to produce in the coming growing season—even with conservative modelling estimates—it was likely there would be a shortfall of grain and feed, which could pose a severe threat to global food security….