Higher food prices and slumping trade. How the war in Ukraine could hit Africa
CNN
As Russian troops tear through Ukraine, swathes of Africa are gearing up to bear the brunt of a potentially drawn-out conflict between the ex-Soviet republics — two of some of the continent's most cherished trading partners.
African economists sound the alarm over a looming and likely catastrophic lowering of trade volumes between the continent and its warring partners if Russia's widely condemned incursion into Ukraine isn't short-lived.
Russia and Ukraine are key players in the global agricultural trade, with both nations accounting for a quarter of the world's wheat exports, including at least 14 percent of corn exports in 2020, and a joint 58 percent of global sunflower oil exports in the same year, analysis show.
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