Video. Ukraine grain crisis could cost $60 billion globally, minister warns
4 Articles
4 Articles
The blockage of Ukraine's Black Sea export routes is becoming "critical", with potentially major consequences for global food prices, Ukraine's Minister of Agrarian Policy and Food, Taras Vysotskyi, told Europe Today. "We already see that, on average, grain prices have increased by 25 percent," Minister Vysotskyi said. And according to him, "if we multiply this by the total consumption of grain and food products made from grain, within a year, t…
Video. Ukraine grain crisis could cost $60 billion globally, minister warns
Video. The situation in the Black Sea is "critical", Ukraine's Minister of Agrarian Policy and Food, Taras Vysotskyi, tells Europe Today, warning of far-reaching implications for global food prices.
Russian attacks and the blockade of export routes in the Black Sea could cost consumers worldwide as much as $60 billion annually, Ukrainian Agrarian Policy Minister Taras Vysotsky estimated. He pointed out that grain prices have already risen by an average of 25 percent, and a quick resolution to the problem is unlikely.
The blockage of Ukraine's export routes through the Black Sea becomes "critical" and could have major effects on food prices around the world. Warning comes from the Ukrainian minister of...
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