Ukraine has become known again in recent years as the “breadbasket of Europe.” And Ukraine’s position as a principal player in global agricultural markets has evolved over the past two decades, per Ian Sheldon, Andersons Chair in Agricultural Marketing, Trade and Policy in the Department of Agricultural, Environmental and Development Economics at Ohio State. Now, disruption to Ukrainian agricultural production and trade will have a significant impact on food availability and cost far beyond the borders of Ukraine in the coming months at the very least.
You can review the article Dr. Sheldon wrote for a recent Ohio State publication, discussing Ukraine and the impacts on commodity markets at origins.osu.edu/read/ukraine-food-war-agriculture.