IMPLICATIONS OF THE MILITARY CONFLICT BETWEEN THE RUSSIA AND UKRAINE ON THE INTERNATIONAL AGRICULTURAL MARKET

Abstract

The research paper is a radiographic account of the situation of primary agricultural commodities in the current economic and geopolitical context. The research focused on changes in price and quotation dynamics, fundamental market factors, the hierarchies of leading market players, as well as the influence of the military conflict in Ukraine on selected markets. The article also presents the evolution of the quotations for primary agricultural commodities on the most representative agricultural exchanges at the international and European levels, as well as the latest forecasts of the world’s availability of agricultural raw materials and food in 2022. The analysis identifies the positions of Ukraine and the Russian Federation, especially in the global wheat and corn trade, markets in which they play an essential role. The authors conclude with the most relevant findings and short- and medium-term projections.

Keywords

• grains
• sugar
• pork meat
• russia
• ukraine
• international market