Masters of Scale Rapid Response: How global markets are reacting to Russia's war on Ukraine, w/Sara Menker, CEO of Gro Intelligence
Mar 12, 2022
Sara Menker, CEO of Gro Intelligence and expert in global agriculture, discusses the significant impacts of Russia's invasion of Ukraine on global markets and food security. She highlights the volatility in the wheat market and the crucial role of the Black Sea region. Menker also examines Russia's trade relationship with China and the complex dynamics of energy markets. The conversation touches on corporate culture and employee well-being amid economic instability, showcasing innovative approaches to staff appreciation during challenging times.
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Fragile Global Markets
- Global markets face new disruptions and risks due to the war in Ukraine.
- These add to existing fragilities from the pandemic, creating a more precarious situation.
Concentrated Agricultural Risk
- Russia and Ukraine's combined wheat exports represent 30% of the global total.
- They are also key exporters of barley, corn, and sunflower oil, creating concentrated risk.
Interconnected Markets
- Russia's role as a major natural gas producer links energy and food markets, as natural gas is crucial for fertilizer production.
- Agricultural products are also used in biofuels, connecting energy and food prices.