Ukraine war – grain imports massively more expensive – economy

Grain imports to Germany have become much more expensive as a result of the Ukraine war. According to the Federal Statistical Office, import prices rose by 53.6 percent in March compared to the same month last year. The last time there was a stronger increase was in May 2011, when it was 74 percent. The price increases therefore affect all types of grain. Wheat imports rose by 65.3 percent compared to March 2021, barley, rye, oats also by 65.3 percent, and corn by 37.4 percent. According to the information, even before the war in Ukraine, prices were increasing due to strong global demand and rising transport and energy costs. The Ukraine war exacerbated the increase. Before the war began, Ukraine was one of the world’s top grain producers. Many countries, especially poorer ones, are urgently dependent on cheap wheat from the country. Because of the Russian war of aggression against Ukraine, however, sea routes and ports are blocked. For Germany, on the other hand, imports from Ukraine with a share of 1.9 percent and from Russia with 0.1 percent play a subordinate role. A total of around 11.4 million tons of grain worth 3.2 billion euros were imported last year.

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