Agreements that the United Nations and Turkey brokered with Ukraine and Russia to allow food and fertilizer to get from the warring nations to parts of the world where millions are going hungry have eased concerns over global food security.
Moscow has ramped up its rhetoric, saying it may not extend the deal that expires Monday unless its demands are met, including ensuring its own agricultural shipments don't face hurdles.since last August, more than half to developing countries, including those getting relief from the World Food Program., said Maximo Torero, U.N. Food and Agriculture Organization chief economist. “The duration of that spike will depend a lot on how markets will respond.
The good news is some analysts don't foresee a lasting rise in the cost of global food commodities like wheat because there’s enough grain in the world to go around. But many countries are alreadyHere's a look at the crucial accord and what it means for the world:in August 2022 that reopened three of Ukraine's Black Sea ports, which were blocked for months following Moscow's invasion. They also facilitated the movement of Russian produce amid Western sanctions.
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Why allowing Ukraine to ship grain during Russia's war matters to the worldAgreements the United Nations and Turkey brokered with Ukraine and Russia to allow food and fertilizer to get from the warring nations to parts of the world where millions are going hungry have eased concerns over global food security. But they face risks.
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