THE CASE FOR RUSSIAN INTERFERENCE IN GLOBAL GRAIN MARKETS


The Russo-Ukrainian war has played out for nearly 11 years, with each side inflicting mass human loss and suffering onto the other, resulting in entire cities being raised to the ground. Over the past 2 years, however, the conflict has dramatically altered course as the full force of the Russian military mobilised and pierced deep into Ukrainian territory.


Scenes of this unprovoked aggression were transmitted around the world with footage of Russian troops streaming into Ukrainian cities. In several cases, invading troops were filmed seizing assets and, in some cases, even people before spiriting them away back to Russia. News of the incursion and subsequent occupation transversed the globe, reaching far away from the two embattled countries. In addition to the appalling acts being perpetrated, something more internationally far-reaching was developing. From farmers drilling their winter wheat in the Midwest United States to the people of Tunisia looking to buy their families daily bread, the impact was starting to become jointly felt, transported to each via the same medium: the world’s grain markets.


RUSSIA HAS ESTABLISHED ITSELF AS A DOMINANT PLAYER IN THE GLOBAL GRAIN MARKET, PARTICULARLY IN WHEAT EXPORTS. IN THE 2022/23 SEASON, RUSSIAN WHEAT EXPORTS REACHED A RECORD 45 MILLION TONNES, A 36% INCREASE FROM THE PREVIOUS YEAR.


12 | ADMISI - The Ghost In The Machine | Q4 Edition 2024


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