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Irish Mirror
Irish Mirror
National
David Kent

Irish bread prices almost certain to rise as Ukraine bans exports of grain until end of 2022

Food prices in Ireland are almost certain to rise, after Ukraine's government banned the export of grain until the end of 2022.

Russia and Ukraine account for almost a third of the global wheat exports and over 70% of the world's sunflower oil stock.

However, on Wednesday, the Ukraine government published a resolution which banned the export of rye, barley, buckwheat, millet, sugar, salt, and meat until the end of this year, Reuters are reporting.

Sanctions introduced on Russia already have meant that grain and wheat being produced isn't being bought as shipping and payments are being cut off.

As a result, there has been a huge decrease in the stocks of the crucial ingredient for foods like bread, and there is now a scramble to find alternative sources.

Ireland relies on Ukraine for 14% of its wheat and about 20% of its fertiliser comes from fertiliser.

Costs of both have been rising in recent days.

A farmer harvests his field of stunted wheat stalks (WILLIAM WEST/AFP via Getty Images)

A three hour meeting took place on Tuesday evening between farming representatives and the Minister for Agriculture.

The National Food and Fodder Committee was set up, but this is not the solution, according to the President of the Irish Farming Association Tim Cullinan.

He told RTE: "It's not committees we need now, we need action from Government to resolve this issue on the ground."

Farmers are already struggling due to the rise in farming diesel as the cost of living crisis cripples the country.

If there is not an alternative market or deal struck for Ireland to get grain, it is believed that bread prices are set to go up.

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