Russia-Ukraine war to create serious food grain problem in Middle East
According to reports Russia and Ukraine supply around 30% of wheat to various counties in the world and Russia is the last exporter of wheat and Ukraine stands fourth place. Both the nations together sell around 19% of corn to the world.
Kyiv: Though the war is taking place in Ukraine which has been launched by Russia, many Middle Eastern countries are facing heat in different ways.
Since Middle Eastern countries receive a substantial quantity of food grains from Russia and Ukraine, these nations now fear that their supply of grains will hinder because of the war.
According to reports Russia and Ukraine supply around 30% of wheat to various counties in the world and Russia is the last exporter of wheat and Ukraine stands fourth place. Both the nations together sell around 19% of corn to the world.
The experts believe that if the war between two nations continues for more time, it will have serious repercussions on the grain exports, mainly to the Middle East which is one of the biggest importers.
Since the war will destroy farms and farmers flee for safety, the country may not see substantial cultivation of wheat. To add to the problem, Western Countries have already imposed sanctions on Russia that prevent the nation from exporting their products.
Because of the limited supply, the prices of these essential commodities will rise sharply in the world and people will have to shell out more money to buy them. Other precuts such as bread, milk and meat will also get dearer.
The reports said that Lebanon alone purchases over 80% of its wheat from Ukraine and 15 per cent from Russia. Egypt imports 60 per cent of the wheat from Russia and 25 per cent from Ukraine. Turkey buys 66% of wheat from Russia and 10% from Ukraine.
The shortage of grains will hit hard counties such as Egypt, Lebanon, Libya, and Turkey. It would be hard for these middle east nations to increase prices for wheat which they consume heavily.
These countries, in order to pay more, may have to cut down the subsidies they are paying to the citizens.
As far as Egypt is concerned, the country is making every effort to explore better possibilities to procure wheat at an affordable price.
The reports said that last year, the country imported about 85% of the wheat from Russia and Ukraine. Now Egypt is in a tight situation on importing wheat for its citizens.
Similar is the situation of Lebanon, Yemen and Turkey which now have to either be ready to pay more prices or look for better alternatives.