The Russian War in Ukraine Impact on Kyrgyzstan's Food Market and Agri-Food Sector in 2022

Kanat Tilekeyev

No 344314, IAAE 2024 Conference, August 2-7, 2024, New Delhi, India from International Association of Agricultural Economists (IAAE)

Abstract: Russia's war in Ukraine caused a spike in basic food costs as well as agro-input prices (fuel, seeds, and fertilizer) in 2022. Fertilizer prices rose double on average compared to 2021, reducing farmer demand and import supply to Kyrgyzstan. Fuel costs increased, while market demand remained constant. Farmers had a seasonal diesel shortage in the second half of 2022. The financial market remained stable and lending in agriculture increased due to the stable interest rates for agricultural lending. Analysis of the four key food markets in Kyrgyzstan (wheat, sugar, potato and meat) demonstrated increase in prices under the external and internal factors - increased input prices, trade restrictions imposed by supply states, increased cost of logistics and growth of domestic production factors. The overall situation demonstrates that agriculture is undergoing a severe shock as a result of rising prices, which feeds into the cascade effect of rising prices. However, the country's population's consumer ability cannot keep up with price increases, resulting in a reduction in demand for more expensive foods.

Keywords: Agricultural and Food Policy; Food Security and Poverty (search for similar items in EconPapers)
Pages: 30
Date: 2024-08-07
New Economics Papers: this item is included in nep-agr, nep-cis, nep-int and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:ags:cfcp15:344314

DOI: 10.22004/ag.econ.344314

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