![]() ![]() Undoubtedly, this situation has negative impacts for agricultural producers worldwide as both animals and farms require feed and energy all-year-round and the new planting season requires the use of fertilisers. Russia’s invasion of Ukraine will continue disrupting global markets because these countries are now positioned as big suppliers of cereals and oil seeds (such as wheat, maize, barley, sunflower and maize), natural gas and fertilisers (nitrogenous and potash based). The latest becomes even more relevant now as prices of agricultural inputs, feed, and foodstuffs, will be further on the rise due to the conflict in the Black Sea region. Global food inflation has already been driven up by different factors: the COVID-19 pandemic, the container shipping crisis and highest (bio)fuel prices leading to higher transport costs, climate change, currencies’ depreciation and disrupted supply chains, among others. This article presents the consequences of the conflict between Russia and Ukraine on the agri-food sector of these three countries. And just as the butterfly effect theory predicts, this flapping of wings will also be felt in Latin American countries such as Colombia, Ecuador and Peru. ![]() ![]() The expected and already ongoing effects on the world’s economy again bring to light the fact that conflicts are drivers of (global) food insecurity and are now exacerbating the fallout from the COVID-19 pandemic. As of March, the United States, the European Union, other countries and even companies adopted a number of sanctions that put Russia under an economic siege. On February 24 th 2022 the Russian army invaded Ukraine after years of political tension between the two countries. ![]()
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