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March 17, 2022

Sector Vector - Reading the topical trends: Boon and bane

Ukraine-Russia conflict a mixed bag for India's agri trade
 

The conflict between Russia and Ukraine is disrupting supplies of agricultural commodities, and is likely to have a deep impact on India's farm sector.

Both the Black Sea nations are major suppliers of key commodities such as wheat, sunflower oil, and corn.

On its part, India is an exporter of wheat and a major importer of edible oils, including sunflower oil. 

Thus, while the conflict creates opportunity for exports, it is also set to have an adverse impact on the import bill due to higher prices.