With the war in Ukraine entering its second year, global markets continue to feel its effects. World stock levels for wheat, feed grains and soybeans remain tight, and while prices have fallen back to pre-war levels, much uncertainty remains. This seminar examined how the war has affected global markets, particularly wheat markets. Speakers discussed the war’s impacts on Ukraine’s producers, wheat buyers and importers in the MENA region, and households in Egypt and Yemen. In addition, the discussion addressed export and other restrictions that have exacerbated price levels and volatility.

Welcome Remarks: Seth Meyer, Chief Economist, USDA and AMIS Chair

Panelists:

• Nicholay Gorbachev, President, Ukrainian Grain Association (UGA)
• Eren Günhan Ulusoy, Director, International Association of Operative Millers Eurasian Region (IAOM)
• Sikandra Kurdi, Research Fellow, International Food Policy Research Institute (IFPRI)
• David Laborde, Division Director, Food and Agriculture Organization (FAO)

Closing Remarks: Joseph Glauber, Senior Research Fellow, IFPRI and AMIS Secretary ad interim

Moderators:

• Erin Collier, Economist - Markets and Trade Division, Food and Agriculture Organization (FAO)
• Joseph Glauber, Senior Research Fellow, IFPRI and AMIS Secretary ad interim