Abu Dhabi, (Business News Report)|| The Russian-Ukrainian crisis is deepening, and the world and the Gulf states are worries about the strategic stocks of wheat and grain, at a time when the two countries export 30% of the world’s needs.
The United Nations Food and Agriculture Organization (FAO) said that the UAE and the Sultanate of Oman are the highest importers of wheat from Russia and Ukraine in the Gulf countries.
The FAO indicated that the two Gulf countries will be greatly affected by the repercussions of the Russian war against Ukraine.
Statistics showed that the Sultanate of Oman is the largest importer of wheat from Russia and Ukraine in the Gulf countries, accounting for about 70% of its needs.
The UAE ranks second in the Gulf, with 54% of its needs.
The organization explained that Muscat imports 65.4% of its wheat needs from Russia, while it obtains about 4% of its needs from Ukraine.
Abu Dhabi imports 53.3% of its wheat needs from Russia, while it gets about 0.9% from Ukraine, FAO added.
FAO’s data did not clarify the percentage of exports from the rest of the Arab Gulf countries, as it focused on the Arab countries that import the highest Russian and Ukrainian wheat.
According to Western reports, regardless of the location of the wheat importing countries or their position on the Russian war against Ukraine, they will face a serious challenge in providing their wheat needs.
A BBC report stated that Russia and Ukraine occupy an important position in the agricultural market in the world, and their wheat exports represent 29% of the global market, while supplying a quarter of the world’s grain production.
The BBC also quoted an analyst for the Middle East and North Africa at the European Council on Foreign Relations, Kelly Petillo, as saying that the escalation in Ukraine has very serious consequences for food security in the Middle East and North Africa, which accounted for 40% of Ukraine’s exports. of corn and wheat in 2021.
Petillo pointed out that what makes the situation worse is that the rise in prices as a result of the crisis comes at a time when food prices have already reached historically high levels, especially in the Middle East.
The Russian military operations against Ukraine, which began at dawn last Thursday, are continuing, amid widespread international condemnation of Moscow.