Media Briefing: Video
Media Briefing: Audio
The current conflict between Russia and Ukraine is likely to generate an immediate impact on global wheat market stability and, by disrupting natural gas and fertilizer markets, have negative impacts for producers as they enter a new planting season.
In an exclusive briefing for journalists, two senior economists at the International Food Policy Research Institute answered questions and provided analysis on the potential short- and long-term impacts of Russia’s invasion of Ukraine.
As two of the top five global wheat exporters, Ukraine and Russia supply about 34% of global internationally traded wheat. Russia is also an important supplier of nitrogenous fertilizers and potash, accounting for 15% of global trade in nitrogenous fertilizers and 17% of global potash fertilizer exports. Sanctions against Russia are also likely to disrupt natural gas imports (particularly to the EU), which is an important component for producing nitrogenous fertilizers. More analysis is available in a blog post here and in the briefing.
This briefing was recorded and on the record.
WHEN: Tuesday, March 1, 2022
WHERE: The briefing was conducted via Zoom. Watch the video here or listen here.
PANEL:
David Laborde, Senior Research Fellow, Markets Trade and Institutions Division, IFPRI
Joe Glauber, Senior Research Fellow, Markets Trade and Institutions Division, IFPRI (@JoeGlauber1)
Kamiljon Akramov, Senior Research Fellow, Development Strategy and Governance Division, IFPRI
Please direct any questions about participation to
Drew Sample, +1 (202) 549-5920; d.sample@cgiar.org
Website: www.ifpri.org
Twitter: @IFPRI