Hello friends of Project Hope, we continue talking about the effects of the Russia-Ukraine conflict on agriculture worldwide, we understand that we live in a globalized world and all human beings on this planet without exception will feel the economic consequences of this war.
We had talked about the fact that Ukraine exports 75% of sunflower oil, the national flower of Ukraine is the sunflower, this has consequences that are already being felt in Spain, they have already begun to limit the purchase of sunflower oil in supermarkets markets the idea is to extend inventories as much as possible, but little by little products will be added to this list while this conflict lasts and looking at the panorama it does not seem that it will end soon.
Brazil bought 40 million tons of fertilizers in 2021, of which 9 million came from Russia, this presents a problem, there are companies and businesses that are buying in large quantities to save supplies, American farmers allege that they bought months ago and the problem of logistics caused their fertilizers and manure to be delayed and now the war adds uncertainty, these farmers allege that if their fertilizers do not arrive this month they could lose the harvest.
This panorama has made Egypt prohibit the export of all its cereals, Indonesia prohibited the export of palm oil, and each country is doing the same, they are prohibiting food exports preparing for a food crisis, it is that between Russia and Ukraine they produce 12 % of calories consumed in Europe and Asia.
China has serious flooding problems and is expected to lose 40% of its wheat harvest, so it will go to the world market to buy wheat and the world outlook is not healthy, all countries are choosing to ban exports, which will make food more expensive , the only solution is to eat less.
