A specialized economic report has revealed that the kingdom is considered as one of the most self sufficient gulf states as it produces locally 20% of its consumed nutrients, whilst importing 80% of its nutritional needs. According to the report issued by the International Bank concerning Nutrients prices in the Arab World; Gulf Cooperation Council countries import 90% of its food stuffs consumption as an average where Qatar comes on the top of the list in regard to reliance on imported foodstuffs as it imports 97% of its nutritional needs, while the other percentages are 92% for Bahrain, 91% for Kuwait, and 89% for each of United Arab Emirates & Oman. In this regard, the Kuwaiti-Chinese Company has stated that the impact of the present Ukrainian crisis on the global financial markets and oil prices, which represent the fastest affected indicators in regard to the political instability, has been very limited. "In spite of that Russia is the second largest oil exporter in the world; Brent oil prices decreased by 4.6% during the first three months of the year where the biggest decease occurred during the last month. However, the deterioration of the political condition in Ukraine affected some global markets," it added. Such incidents led t o the rise of agricultural commodities prices as Ukraine represents the source of 16% of World exports of maize which makes it the third exporting country in the world, in addition to its being the source of 9% of world exports of grain / wheat which makes it the sixth exporting country in the world. As a result of the fear of Ukrainian exports stoppage; Maize prices have increased by a percentage of 20% since the beginning of the year until today while the prices of grain / wheat have increased by a percentage of 13.5%.
