01 Ukraine crisis will have a ‘profound’ effect on the food chain
14.03.22 | Global | Supply Chain
ING’s Senior Economist Thijs Geijer has said that the ramifications of the crisis across the food chain will be profound, with importers of commodities such as grains and vegetable oils having to look for alternative markets, and the impact of elevated costs for many food and feed inputs and for fertiliser in particular. Many food, commodity and farming groups are warning of a global food crisis and hyper-inflation due to the conflict.
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