Dossier

How the war in Ukraine may affect agricultural, fisheries and forest products markets

Martin Banse, Christopher Zimmermann, Holger Weimar | 08.04.2022

MA Institute of Market Analysis

OF Institute of Baltic Sea Fisheries WF Institute of Forestry

Verschiedene Landwirtschaftsmaschinen vor mehreren Getreidespeichern

Russia's war against Ukraine has implications for the global food and commodity supply situation. In the following, we have outlined possible effects on agricultural markets, fisheries and timber markets.

Expertise

Wheat, maize & Co: It's getting more expensive

Russia and Ukraine are global players in agricultural products such as wheat, maize and oilseeds. Export stops and price increases can lead to disruptions, especially in the countries of the global south.

Is a fish finger crisis looming?

Russia is the fourth largest producer of marine fish in the world. The significance of Russian marine fish imports for Germany is highlighted here.

Effects on forest products markets

Russia and Ukraine play different roles on the international timber markets. For Germany, they are important suppliers of raw wood, sawn timber, plywood or even wood pellets.

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