“It becomes a question of: How long do oil prices, natural gas wholesale prices stay elevated?” he said. “I don’t know when you want to start the clock on Ukraine becoming a major headline,” Sharif said. Ukraine is also a significant producer of uranium, titanium, iron ore, steel and ammonia, and a major source of Europe’s arable land. Russia and Ukraine together are responsible for nearly 30% of global wheat exports, while Ukraine alone accounts for more than 15% of global corn exports, he said. Ukraine is also a significant producer of barley and vegetable oil, which goes into many packaged foods.

Source: bd News24 February 24, 2022 06:38 UTC