Markets and Trade

Information Note - The importance of Ukraine and the Russian Federation for global agricultural markets and the risks associated with the war in Ukraine

Year of publication2022
Abstract The Russian Federation and Ukraine are among the most important producers of agricultural commodities in theworld. Both countries are net exporters of agricultural products and are leading suppliers of foodstuffs andfertilizers to global markets, where exportable supplies are often concentrated in a handful of countries. The high concentrations could increase the vulnerability of these markets to shocks and volatility.
Available inEnglish
ThemeContemporary Global Issues
Product typeDocument
RegionEurope and Central Asia
Areas of workGlobal Commodity Markets
Keywordsmarket prices; Ukraine; Russian Federation