The importance of Ukraine and the Russian Federation for global agricultural markets and the risks associated with the current conflict

Year of publication2022

AuthorFAO

PublisherFAO

AbstractThe Russian Federation and Ukraine are among the most important producers of agricultural commodities in the world. Both countries are net exporters of agricultural products, and they both play leading supply roles in global markets of foodstuffs and fertilisers, where exportable supplies are often concentrated in a handful of countries. This concentration could expose these markets to increased vulnerability to shocks and volatility. In 2021, either the Russia Federation or Ukraine (or both) ranked amongst the top three global exporters of wheat, maize, rapeseed, sunflower seeds and sunflower oil, while the Russian Federation also stood as the world’s top exporter of nitrogen fertilizers and the second leading supplier of both potassic and phosphorous fertilizers.

 

ThemeAgricultural Commodities and Development

Product typeDocument

Areas of workGlobal Commodity Markets