[Epoch Times, February 26, 2022](Reported by Epoch Times reporter Cheng Jing) Saturday (26th) isRussiaInvasionUkraineOn the third day, the Russian army encountered strong resistance and the battle was stalemate. The outside world is concerned that the two countries occupy an important position in the global food supply,food securityThe problem may have a global impact. China is not immune either.
Earlier this week, Politico reported thatChicago Board of Trade’sWheat futures surged 6% to about $9.34 a bushel, the highest level in nine years. Wheat futures have surged more than 10% this year.
“The risks are huge,” said Andrey Sizov, managing director of SovEcon, a market analysis firm focused on the Black Sea agricultural region.
“RussiaIt is the largest wheat exporter.Ukraineis the third or fourth largest exporter of wheat, depending on the year. “He said.
Russia and Ukraine export a quarter of the world’s wheat
According to 2021 U.S. Department of Agriculture statistics, Russia and Ukraine together account for more than a quarter of global wheat exports, about 20 percent of corn exports and 80 percent of sunflower oil exports.
Hong Kong 01 reported that Russia, as the world’s largest wheat exporter, accounted for about 10% of global production and 16.9% of international exports; Ukraine, as the fourth largest wheat exporter, accounted for 11.6% of the share.
Egypt’s main wheat supplier is Russia, followed by Ukraine. According to the latest USDA report, Russia supplies about 80% of Egypt’s wheat supply.
In addition, the corn output of Russia and Ukraine accounts for 5% of the global total, and both countries are net exporters of corn, with exports accounting for 18.8% of the world’s total. Among them, Russia’s corn production accounts for 1.2% of the world’s total production; Ukraine’s corn production accounts for 3.5%.
In terms of exports, Russia’s corn accounts for 2.2% of global exports; Ukraine’s exports account for 16.4% of global exports, making it the fourth largest corn exporter in the world after the United States, Brazil and Argentina.
Ukraine is Europe’s granary, China is a big buyer of corn
For centuries, Ukraine has been known as the breadbasket of Europe and has been a major supplier of grains to countries in North Africa, the Middle East and Southeast Asia, the BBC said.
Lebanon imports Ukrainian wheat, accounting for 50% of its supply; Libya imports 43% of its wheat from Ukraine; Tunisia “depends on Ukrainian wheat to a degree of 32%”.
“Overall, 14 countries are more than 10 percent dependent on Ukrainian wheat.”
China is a big buyer of Ukrainian corn, and Ukraine has replaced the United States as China’s largest corn supplier in 2021.
According to Chinese customs data, 70% of China’s corn imports in December 2021 came from Ukraine. In addition, 64% of China’s sunflower oil imports in 2021 will also come from Ukraine,
Russia-Ukraine conflict continues to threaten the worldfood security
About 35 percent of Ukrainian wheat is estimated to be grown in Udon, an area most vulnerable to Russian aggression on land between the Ukrainian capital Kyiv and the separatist region on the Russian border.
“We are very concerned that this will cause massive disruption to the global supply chain,” said a senior Republican Senate aide. “Ukraine is producing so much wheat, and the World Food Program is buying so much, it would be quite catastrophic.”
Sizov agreed that consumers in developing countries are more vulnerable to rising global grain prices than those in the United States and Europe.
Smith also said that Ukraine has become one of the world’s major granaries in the past 20 years, mainly supplying the Middle East, Africa, and Southeast Asia. The conflict between Russia and Ukraine may make the social situation of these countries even more unimaginable. In particular, Ukrainian wheat is a key import for developing countries and a global The greatest threat to food security.
For example, Sizov said that when Russia annexed Crimea in 2014, global food prices soared due to the outbreak of the war, and the price of wheat alone rose by about 20%. Now it seems that the outbreak of the Ukraine-Russia war will only make global food prices soar. The situation deteriorated.
However, he said farmers in the United States, the European Union, Australia, Argentina and other food-producing countries could benefit from a protracted conflict.
Responsible editor: Li Yuan#