The invasion of Ukraine by Russia has been factored in as one of the reasons the world is experiencing food inflation and food insecurity.
Recall that Russia had invaded Ukraine in February 2022, resulting to disruption of global food distribution, as both countries account for about 30 per cent of the world’s wheat.
They also contribute 60 per cent of the world’s sunflower oil, which is the third-most-traded seed oil after palm and soy. Russia and Ukraine also account for 20 per cent of the world’s corn.
