Russia's war on the Ukraine a key concern for the Ag sector

The war between Russia and the Ukraine is a growing concern, everyone is hoping it doesn't last long and that it comes to a peaceful resolution.

Russia and the Ukraine are both key players in the global agriculture sector, both as importers and exporters.

Operations at all of Ukraine's seaports in the Black Sea region have been suspended because of the war.

The Black Sea is a major area and transportation route for both countries, especially when it comes to exports of wheat, corn, oil and fertilizer.

In 2020, two-way merchandise trade between Canada and the Ukraine was valued at over 300 million dollars.

Examples of Canadian exports of agricultural and agri-food products to Ukraine include beef, fresh and chilled pork, pulses, grains, canola oil, processed foods, and animal feed.

Canadian stats show total exports to Russia in 2020, including agricultural machinery, hit $617 million dollars, while we imported over $1 Billion in goods including fuel, oil and fertilizer.

In the last few days, a number of sanctions have been placed on Russia