In this session, our market experts will outlay their analysis of the impact and
forecasts for the global agricultural and food commodities trade.
Click here to register to the APAC session on 11 March at
10:00AM Hong Kong/Singapore time.
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In recent years, Russia and Ukraine have become emerging
agricultural powerhouses. Their rise to greater importance has been
similar and in parallel. In the early 1990s, during the collapse of
the Soviet Union, the two countries combined wheat exports equated
to 1.5% of total world trade. Today, they account for nearly 30% of
world wheat exports, with Russia making up 18% and Ukraine 10%.
Their importance in world trade extends into feed grains as
well. Since the fall of the Soviet Union, the combined barley
exports of the two countries have gone from below 2% of world trade
to exceeding 30%, with both commanding a market share of over 15%.
In the case of corn, their combined corn exports amounted to less
than 1% of total world exports, and now Ukraine is the fourth
largest exporter in the world, shipping over 15% of all exported
corn.
When considering vegetable oils, the evolution is even more
compelling. Neither country exported rapeseed oil in the early
1990s. Now, they combine for a 15% market share in world trade.
Regarding sunflower oil, they now combine to account for more than
75% of all sunflower oil exports, with Ukraine alone amounting to
nearly 50%. This compares to combined exports of less than 8% in
the early 1990s.
To say these two countries have become an integral part of
global agricultural and food commodities trade is no overstatement.
The world's food and feed supply have a lot in the balance as this
conflict transpires.
In this session, our market experts will outlay their analysis
of the impact and forecasts.
