The Russia-Ukraine war's impact on global food markets: A historical perspective

Joseph W. Glauber, David Laborde Debucquet and Johan Swinnen

Chapter 3 in The Russia-Ukraine conflict and global food security, 2023, pp 189-23 from International Food Policy Research Institute (IFPRI)

Abstract: The Russia-Ukraine war has focused global attention on the key economic roles those countries play as major exporters of agricultural commodities. Over the 2019–2021 period, they accounted for 12% of global agricultural trade on a kilocalorie basis, with a combined market share of 34% for wheat, 26% for barley, 17% for maize, and 75% for sunflower oil. The war has scrambled this picture, with Ukraine’s exports falling dramatically, and Russia’s falling, then recovering.; While the Black Sea region has historically been a major grain producer, its emergence as a major world exporting region is a relatively recent phenomenon. From the 1970s until the early 2000s — the decades imme diately before and after the collapse of the Soviet Union — Russia and Ukraine were net grain importers. This post examines how and why Russia and Ukraine became such important factors in 21st century global food markets — and thus why the war poses a continuing threat to global food security.

Keywords: cereal products; exports; shock; policies; agricultural products; war; coronavirus; covid-19; commodities; agriculture; markets; trade; coronavirinae; food security; conflicts; coronavirus disease; prices; climate change; Russia; Ukraine; Eastern Europe; Europe (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:fpr:ifpric:9780896294394_03

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