What does the war in Ukraine mean for agricultural economies across the globe?
AKM Abdullah Al-Amin, an Elizabeth Creak Fellow at Harper Adams University and Professor James Lowenberg-DeBoer, Elizabeth Creak Chair in Agri-Tech Applied Economics, have examined how the conflict will affect one Asian nation – Bangladesh – for that country’s Daily Star newspaper.
They note: "Ukraine and Russia, known as "the breadbasket of Europe", are the major exporters of the world's basic foods. Both countries export approximately one-quarter of wheat, more than three-quarters of sunflower oil and one-sixth of corn.
"From the beginning of the war on February 24, 2022, now in the third month, the invasion of Ukraine has caused food price inflation following the economic downturn sparked by the Covid-19 pandemic. Disruption in international trade has affected mostly the import-oriented countries in Asia, the Middle East and Africa. The war will have a ripple effect, which leads to 'cascading risk'."
Read the article in full on the Bangladesh Daily Star website here.