Does the war in Ukraine also become a battle over the future of Meat & Dairy supply in Europe?

The disruption of supplies of grains and fertiliser are just starting to effect global food security systems. New Zealand exports are enjoying a premium in the market place, but is this adding to domestic inflation, increasing the cost of living, even excluding the impact of oil, commodity prices could still have a “significant and persistent” impact on inflation in New Zealand

Russia and Ukraine are minor trading partners for New Zealand, with Russia accounting for just 0.4 per cent of New Zealand’s good exports, and Ukraine an even smaller amount.

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