Russia Ukraine War Set to Impact Food Retail Prices as Local Farmers Feel Impact of Tensions in Trade

Russia Ukraine War Set to Impact Food Retail Prices as Local Farmers Feel Impact of Tensions in Trade

  • The continued tensions between Russia and Ukraine will soon have a heavy impact on South Africa's farming section of the economy
  • Local farmers rely heavily on imported fertilisers from Russia in order to grow a sufficient amount of potatoes, wheat and other grains
  • Reports say that the continued strain on the Black Sea trade route will result in a significant spike in South African food retail prices

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The European conflict between Russia and Ukraine will soon have effects on Mzansi's economy. The inability to import fertiliser from Russia has begun affecting local farmers who need to mass-produce staple foods such as wheat and potatoes.

Russia-Ukraine Conflict, Fertiliser, Imported, Black Sea Trade Route, Money, Inflation, Local Farmers, Potato, Wheat, Food Retail Prices, South Africa
Reports say South Africa will soon begin feeling the effects of the Russia-Ukraine conflict in food prices. Image: Getty Images
Source: Getty Images

South African consumers have been warned to brace themselves for a spike in food prices. Retailers will soon be forced to up food prices due to production constraints.

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Russian invasion of Ukraine could drive fuel price over R40 a litre

The effects of the Russian and Ukrainian conflict will soon be felt in the pockets of Mzansi's consumers. BusinessInsider has warned those who enjoy local delicacies such as slap chips and kotas to prepare to pay a higher price for it.

Potatoes South Africa told the publication that almost all potato-based products will soon become significantly expensive. Fast-food chains and restaurants will also be feeling the effects and will be forced to raise their prices too. The statement read:

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"The impact of the increase in cooking oil within the food industry is expected to realise in the processing industry on frozen potato produce, such as French fries and wedges, as well as crisps. We do foresee consumers feeling a pinch as the suppliers of chips will have to adjust their current pricing based on an increase in one of their main inputs, which is cooking oil."

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SABC News has properly explained the reasons for the expected inflation. Local farmers are highly dependent on imported growth stimulators for their crops. Since the majority of those stimulants are brought in from Russia through the Black Sea trade corridor, supply is now limited.

Russia Vs Ukraine: Historic events that led to violent invasion by Putin

Briefly News reported that the world was shocked when Russia invaded Ukraine on 24 February 2022. The hashtag #PrayForUkraine started as people across the globe finally took notice of an issue that has been ongoing for several years. Photos of burning buildings, crying mothers and destroyed hospitals flooded our timelines.

The Russian invasion of Ukraine proved how little people knew about the tensions between different countries. The attack on the Ukrainian people wasn’t a spur-of-the-moment kind of thing, it was a calculated attack by Vladimir Putin that marked the breaking point of a war that started in 2014.

Briefly News takes a more detailed look at the historical events leading up to Russia invading Ukraine.

Source: Briefly News

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