Ukraine Changes Agriculture CoBank analysts say that the war in Ukraine will have long term impact on grain markets. Indeed, if one just considers the following list of policy actions that have occurred since the war broke out: At least 31 export bans have been imposed around the world on cereals and fertilizer (note that Russia has said it will only export food to friendly countries); Import tariffs on agricultural products have been lowered to suppress inflation; Restrictions on how much food is stockpiled instead of released to consumers; Using Ukraine to rationalize increased energy and food sovereignty; New subsidies have been created to boost production of fertilizer and food; and Rationing of some food products have been ins...

TAGS – Black Sea, Europe, North America, Macroeconomics