OECD Policy Responses on the Impacts of the War in Ukraine
This series compiles data, analysis and policy recommendations on the range of impacts and consequences related to the war in Ukraine, on the economy, refugees/migratory flows, energy, commodities, and more. The series aims to inform and support policy makers in their immediate response to the crisis in the early phases of the conflict, and inform longer-term domestic reconstruction and global-recovery efforts as the situation evolves.
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- ISSN : 27913422 (en ligne)
- https://doi.org/10.1787/dc825602-en
The impacts and policy implications of Russia’s aggression against Ukraine on agricultural markets
Russia’s aggression against Ukraine has been since February 2022 undermining the latter’s capacity to harvest and export crops. A reduction in export capacity from Ukraine and Russia, and rising energy and fertiliser prices are pushing up international food prices, thereby threatening global food security. Findings presented in this brief suggest that the full loss of Ukraine’s capacity to export together with a 50% reduction in Russian wheat export could lead to a 34% increase in international wheat prices in the marketing year 2022/23.