Several nations, including the United States, vow to boost food security amid Ukraine conflict as global prices skyrocket
Russia and Ukraine account for a huge share of the globe's exports in several major commodities, including wheat, vegetable oil and corn.
That would "ensure the continued flow of food, as well as products, services and inputs essential for agricultural and food production and supply chains," they added. Russia and Ukraine, whose vast grain-growing regions are among the world's main breadbaskets, account for a huge share of the globe's exports in several major commodities, including wheat, vegetable oil and corn.The conflict has sent commodity prices soaring, with the price of sunflower and colza oil shooting up 40 percent in Europe in two months.
There has also been speculation that India, the world's number two wheat producer hit by a record heatwave, would curb exports of the grain - something New Delhi denies. The countries pledged to work together to ensure "sufficient, safe, affordable and nutritious food" is available to everyone at all times, and vowed to keep their food and agriculture markets "open."