How Ukraine-Russia war will affect Africa
Have we ever thought how the current situation between Russia and Ukraine affects Africa?
Africa may
pay attention that both Russia and Ukraine play a major role in the global
agricultural market. Even one may be unaware, wheat and other grains do exist
at the back of heart of geopolitics following
Russia’s invasion of Ukraine. Both the
countries involved in the war situation have a significant agricultural.
Africa has spent US$4 billion on purchase of Agricultural
products from Russia in 2020. 96% of imports are for wheat and sunflower. Egypt
has the highest imports numbers, almost half, followed by Sudan, Nigeria,
Tanzania, Algeria, Kenya and South Africa.
Africa has also purchased agricultural goods worth US$2.9
billion from Ukraine 2020, most of it was wheat, followed by maize and few
other products like sunflower oil, barley, and soy beans.
European Union produced 14% of global wheat, out of this 10% is
produced by Russia and 4% is produced by Ukraine. The wheat produced by these 2
countries is for domestic consumption and exports as well and collectively both
countries account for a quarters of worlds wheat exports. In the year 2020,
Russia accounted for 18% of exports, whereas Ukraine exported 8% of worlds
export.
Both countries product 4% of global
maze production, and export 14% of maze demand for exports. Both countries are
also notable players in maize, responsible for a combined maize exports of 14%.
The same is true for Sunflower, In 2020, Ukraine’s sunflower oil exports
accounted for 40% of global exports, with Russia accounting for 18% of global
sunflower oil exports.
Due to these factors, war could cause
instability in food production and supply chain, causing instability and
further increase in prices of food grains and sunflower oil. Already grains and
oils are the major products responsible for big rise in prices globally.
Both South America and Indonesia have
resulted in poor harvests, due to dry weather conditions, combined with rising
demand in China and India.
The
outbreak of war would severely affect the rising demand for food products
globally and increase the prices further. Africa would be severely affected by
this situation as the worry of drought in some regions of the continent.
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