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  • Condensed by Lynda Kiernan-Stone, Unconventional Ag Media

How Much Has the War in Ukraine Cost the World in Grain Exports?

A new study led by Adam Rose, research professor at USD Sol Price School of Public Policy and Center for Risk and Economic Analysis of Threats and Emergencies (CREATE), found that disruptions to grain exports over the course of a projected one-year period of the war in Ukraine will result in the loss of $1.6 billion for the global economy.

And although these ramifications are hitting many of the world’s countries, the study also found that disruptions of Ukrainian exports will have the largest impact on the country’s own economy, with a domestic GDP reduction of $858 million.


Meanwhile, Russia will be negatively hit with a $3.8 million impact to its economy primarily due to much lower levels of disruption and trade dependency for that country.


Asia is projected to see a $573 million decrease in GDP, with the rest of Europe, China, Africa and the Middle East also seeing economic losses, while other regions and countries such as India, Canada, and Latin America are expected to see their GDP grow as they fill the gaps in grain exports from the Black Sea.



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Contact Lynda Kiernan-Stone,

editor of Unconventional Ag News, to submit a story for consideration: 
lkiernan-stone@highquestgroup.com

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