Ukraine conflict may hike long-term grain prices 7%
Russias invasion of Ukraine may cause long-term grain prices to rise seven percent, according to a study on Monday showing how expanded production elsewhere to compensate would lead to higher greenhouse gas emissions
One model found that if Russian grain exports were halved and Ukrainian exports significantly reduced during that time, maize would be 4.6 percent more expensive and wheat 7.2 percent more expensive—even assuming that other exporters could step in and fill the shortfall
They said the price increase would persist as long as exports remained restricted.
To close the supply gap, the study found that other major producers would need to expand their grain growing areas significantly
Were all grain exports from Ukraine to cease, Australia would need to expand its wheat area by 1 percent, China by 1.5 percent, the European Union by 1.9 percent and India by 1.2 percent, according to the model.
This land-use change would lead to just over a billion tons of additional carbon dioxide equivalent added to the atmosphere, according to the study published in Nature Food.
"The cropland expansion resulting from the war in Ukraine is occurring at the expense of more carbon emissions," said lead author Jerome Dumortier, a researcher at the O"Neill School of Public and Environmental Affairs in Indianapolis, US
Figures from the UN"s Food and Agriculture Organization show food prices are currently more than 10 percent higher than they were a year ago.
It was not currently clear whether other grain producers were able to meet global demand, meaning prices could rise even further than predicted in the models.
تاریخ: چهارشنبه ٣٠ شهريور ١٤٠١ ساعت: ١٣:٢٠
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