In the piece by Nur Hanani Azman published on the “The Malaysian Reserve” information provider website, author claiming that due to Russia-Ukraine conflict Malaysia’s food security sector can suffer in the mid- to long-term perspective. Tension between these two countries expected to cause price spike of both fertilizers and animal feed and crops related to global rises in natural gas prices which is pivotal to the fertilizer manufacturing.
The analysis and forecasts featured in the article provides insights on how the country that is still recovering from recent pandemic consequences may encounter increases in the cost of animal feed and crops. Thereby monitoring the situation on the market is important in terms of preventing adverse impact of the conflict-related price spikes summarized author.
The conflict will mainly destabilize global energy and food market, however Malaysia’s national food security will not be directly and promptly affected since the country doesn’t rely directly on Russia or Ukraine food import supply and in the short term Malaysia is in relative safe, noted author.
Author also indicated about several Middle East, South Asia and North Africa countries that depend on of wheat, corn and vegetable oil supply from Russia and Ukraine, furthermore the current conflict could significantly increase food prices and consequently will multiply global hunger, concluded author.
Article is written by Nur Hanani Azman available via the link: https://themalaysianreserve.com/2022/03/04/food-costs-rise-on-russia-ukraine-war/