Miller Magazine Issue: 148 April 2022

37 MILLER / APRIL 2022 NEWS the next season. This is indispensable for overall world food needs, which are also affected by a likely reduction of Russian exports. Combined, Ukraine and Russia are re- sponsible for over 30% of world wheat exports. CORN Ukraine and Russia combined account for about 16 per- cent of corn exports to theworld. TheUSDAhas cut Ukraine’s corn export estimate by 6 million mt to 27.5 million mt due to the invasion. The USDA has also raised the US corn export estimate for MY 2021-22 by 1.9 million mt. U.S. corn exports are boosted, par- tially offsetting the reduction for Ukraine. New crop supplies from Brazil and Argentina are ex- pected to come onto the market in a few months and both export fore- casts are raised in the March report. Transforming global food production to maximize food safety and minimize food loss by making sure Every Resource Counts. www.tomra.com/food maize market, and is the most important player in the market for sunflower oil (over 50% of world trade). As far as Russia is concerned, these figures are respectively 24% (wheat), 14% (barley) and 23% (sunflower oil). North Africa and the Middle East import over 50% of their cereal needs from Ukraine and Russia. Ukraine is also an important supplier of (feed) maize to the European Union and China. While key customers of Ukrainian and Russian wheat reportedly have stocks for some months, price increases are already felt in some countries. For instance, Yemen, Bangladesh, Pakistan, Sudan, and Nigeria are important importers, many of them already severely food in- secure. For the glob- al food system, the loss of grain exports from Ukraine means that up to 25 million tonnes of wheat must be substituted in the current and