The shortfall could have devastating consequences for many countries who relied on Ukraine and Russia for as much as half of their wheat imports from 2016 to 2020, including Egypt, who recently made a deal with India to help replace some of the 80% of its wheat imports which come from Russia and Ukraine. Those blockages also mean there won’t be sufficient storage available when the 2022 harvest comes in, according to the WFP. Since the invasion, much of Ukraine’s current export grain stock has been stuck in the war-torn country because of damage to rail infrastructure, closed ports and Russian blockades in the Black Sea. In the 8 months before the invasion, 51 million metric tons of grain passed through Ukraine’s seven Black Sea ports, according to the United Nations’ World Food Programme (WFP). Sunflower seed oil includes safflower and cotton seed oil. Change in the Consumer Price Index for food In Europe, the Consumer Price Index for food has sharply risen in all of the continent’s largest economies, while in the United States the CPI climbed more than 14 percentage points since January 2020. While post-pandemic global demand, extreme weather, tightening food stocks, high energy prices, supply chain bottlenecks and export restrictions and taxes have been straining the food market for two years, the recent convergence of all these factors following Russia’s invasion is unprecedented and has sent food inflation rates spiking around the world. Russia's invasion of Ukraine, a move Russia calls a "special operation" to demilitarise its neighbour, is the latest development in a growing global food crisis. The halt in Ukrainian exports following the outbreak of the conflict pushed the Food and Agriculture Organization's (FAO) food price index, which tracks international prices of the most globally traded food commodities, to its highest point in March since records began in 1990. Russia's invasion of Ukraine in late February dramatically worsened the outlook for already inflated global food prices.
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