EFFECTS OF THE RUSSIAN - UKRAINE WAR
Commodity prices, including wheat, corn, have surged since Russia began its
invasion of Ukraine on 24/02/2022. Russia & Ukraine account for about 29% and
19% of global wheat and maize exports.
With Ukraine ports closed and much of Russian grain supply frozen by Western
sanctions, there are fears of tightening supplies will lead to shortages in importing
countries.
South Africa, a net exporter of maize, imports about 40% of its wheat.
The conflict will have an impact on the International wheat prices which ultimately
reflect in in SA wheat prices as well.
Adapted: econ 3x3 :editor's corner March
2022
In view of the above Information conduct a research and write a report on the impact
of the Russian - Ukraine war on the South African Economy
In your report focus on the following issues:
13
• Highlight the negative externalities that might occur in the South African
Economy, due to the above-mentioned war.

The Russia's invasion of Ukraine and the sanctions that were said to have been placed on Russia have made a lot of commodity prices to be going up, and thus it has adverse implications for South Africa's as there are now consumer price inflation.

Most cereals and machineries in South Africa is been imported from Ukraine and this is known to have affected their economy a lot as it has lead to food and fuel crises.

Note that the impact of the Russian - Ukraine war on the South African Economy is that It has lead to the pushing up of prices in South Africa.

Learn more about Russia's invasion from

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