CUSP - Critically Urgent Societal Problems
CUSP Lecture
Thursday, 25 May 2023, at 2.15 – 4.00 p.m
The Invasion of Ukraine:
Impacts on World Agricultural Markets
of a Large Production Loss, One Year Later
Torbjörn Jansson, Fredrik Wilhelmsson
ABSTRACT:
When Russia launched its large-scale invasion of Ukraine in February 2022, international agricultural commodity
prices soared, creating turmoil on markets and raising fears of widespread famine. Using a simulation model to
estimate the likely short-term impacts of a significant production loss in Ukraine, researchers at AgriFood Eco-
nomics Centre at the Swedish University of Agricultural Sciences (SLU) and Lund University found price
effects that were much smaller than the ones observed on the agricultural commodity markets. Reduction in
exports from Ukraine was thus not sufficient to explain the soaring agricultural commodity prices. Other
explanations contributed to the price surge in 2022. What were the reasons for this development?
In this CUSP Lecture, Torbjörn Jansson and Fredrik Wilhelmsson at AgriFood discuss how the invasion of
Ukraine has impacted – and not impacted – consumer food prices and supply, in the EU and globally.
Speakers:
Torbjörn Jansson is Docent and Associate Professor of Economics at the Swedish University of Agricultural
Sciences (SLU), with particular focus on economic modeling, and a Researcher at AgriFood Economics Centre.
He has a PhD in Agricultural Economics from the University of Bonn with focus on statistical methods and
economic modeling.
Fredrik Wilhelmsson is Researcher and Head of Division, AgriFood at Lund University. He has a PhD in
Economics from Lund University, with particular emphasis on international economics and economic integration.
A platform for applied research, AgriFood Economics Centre provides economic expertise in the fields of food,
agriculture, fishing and rural development and is jointly part of the Swedish University of Agricultural Sciences
(SLU) and Lund University. The aim is to supply government bodies with a solid foundation in support of
strategic and long-term policy planning.
The lecture is organized within the framework
of the SCAS CUSP
Series.
Venue: Thunbergssalen, SCAS, Linneanum, Thunbergsvägen 2, Uppsala.
The event will also be available via Zoom Webinar: https://uu-se.zoom.us/j/67357429497
Read more about the organizer:
Swedish Collegium for Advanced Study (SCAS) >>