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RussiaB次元官网网址檚 threat to pull out of Ukraine grain deal raises fears about global food security

Concerns are growing that Russia will not extend a United Nations-brokered deal that allows grain to flow from Ukraine to parts of the world struggling with hunger, with ships no longer heading to the war-torn countryB次元官网网址檚 Black Sea ports and food exports dwindling.

Turkey and the U.N. last summer to ease a global food crisis, along with a separate agreement with Russia to facilitate shipments of its food and fertilizer. , though data shows it has been exporting record amounts of wheat.

Russian officials repeatedly say there are no grounds for extending the Black Sea Grain Initiative, which is up for its fourth renewal Monday. ItB次元官网网址檚 something they have threatened before B次元官网网址 then have twice gone on to instead of the four months outlined in the agreement.

The U.N. and others are striving to keep the fragile deal intact, with Ukraine and Russia both , barley, vegetable oil and other food products that countries in Africa, the Middle East and parts of Asia rely on. It has allowed Ukraine to ship 32.8 million metric tons (36.2 million tons) of grain, more than half of it to developing nations.

The deal has helped like wheat after they surged to record highs following the invasion last year, but that .

RussiaB次元官网网址檚 exit would cut off a source for World Food Program aid for countries at risk of famine, including Somalia, Ethiopia and Afghanistan, and compound food security problems in vulnerable places struggling with conflict, economic crisis and drought.

B次元官网网址淩ussia gets a lot of good public will for continuing this agreement,B次元官网网址 said Joseph Glauber, senior research fellow at the International Food Policy Research Institute. B次元官网网址淭here would be a cost to pay in terms of public perception and global goodwill, I think, as far as Russia is concernedB次元官网网址 if the deal isnB次元官网网址檛 extended.

The amount of grain leaving Ukraine already has dropped, with Russia accused of slowing by Russian, Ukrainian, U.N. and Turkish officials and refusing to allow more vessels to join the initiative.

B次元官网网址 meant to ensure vessels carry only food and not weapons that could aid either side B次元官网网址 have fallen from a peak of 11 in October to just over two in June.

That has led to a decline in grain exports, from a high of 4.2 million metric tons in October to 1.3 million in May, a low for the year-old initiative. They rose to 2 million in June as shipment sizes grew.

If the deal isnB次元官网网址檛 extended, B次元官网网址渢he countries that had relied on Ukraine for their imports are going to have to look at other sources for imports, very likely Russia, which is something that I imagine Russia was intending,B次元官网网址 said Caitlin Welsh, director of the Global Food and Water Security Program at the Center for Strategic and International Studies.

The to stick with the initiative, with spokesman Stephane Dujarric saying Monday that top officials are B次元官网网址渄oing whatever we can to ensure the continuation of all of the agreements.B次元官网网址

UkraineB次元官网网址檚 Infrastructure Ministry said Tuesday on Facebook that the final two ships are loading grain B次元官网网址 heading for Egypt B次元官网网址 while 29 vessels are waiting in the waters off Turkey because Russia has refused to allow their inspection.

B次元官网网址淯krainian agricultural products play a significant role in global food security,B次元官网网址 Infrastructure Minister Oleksandr Kubrakov said. But B次元官网网址渇or the past few months, the grain corridor has been practically closed.B次元官网网址

Russia insists the agreement hasnB次元官网网址檛 worked for its own exports, blaming Western sanctions for hindering financing and insurance.

While sanctions donB次元官网网址檛 effect food and fertilizer, Moscow is seeking carveouts from restrictions on the Russian Agricultural Bank, as well as movement on its ammonia, a , to a Ukrainian Black Sea port. But the ammonia pipeline has been damaged in the war, the U.N. said.

B次元官网网址淭here is still time to implement the part of the agreements that pertains to our country. So far, this part has not been fulfilled,B次元官网网址 Kremlin spokesperson Dmitry Peskov told reporters last week. B次元官网网址淎nd so at the moment, unfortunately, we donB次元官网网址檛 see any particular grounds for extending this deal.B次元官网网址

Russia, however, has increased its wheat exports to all-time highs following a large harvest. Shipments went from 33 million metric tons in 2021 to 44 million metric tons last year to expectations of 46 million this year, according to S&P Global Commodity Insights.

Meanwhile, UkraineB次元官网网址檚 shipments have fallen by around 60%, from 19 million tons in 2021 to predictions of about 7 or 8 million tons this year B次元官网网址 a big hit to its .

With less from Ukraine and more from Russia, the worldB次元官网网址檚 available wheat stocks are the same as in 2021 B次元官网网址 and there is enough of it to go around, said Peter Meyer, head of grain analytics at S&P Global Commodity Insights.

Europe and Argentina are expected to boost wheat shipments, while Brazil saw a banner year for corn, of which Ukraine is also a major supplier. Meyer wouldnB次元官网网址檛 expect more than a temporary bump to grain prices on world markets if the Black Sea deal isnB次元官网网址檛 renewed.

B次元官网网址淢arkets just adapt extremely quickly,B次元官网网址 he said. B次元官网网址淭he fact of the matter is that the global grain markets, they balance each other out.B次元官网网址

Ukraine can send its food by land or , so it wouldnB次元官网网址檛 be completely cut off from selling grain, but those routes have a lower capacity than sea shipments and have .

B次元官网网址淲e are a cat running out of lives in this situation,B次元官网网址 said Simon Evenett, professor of international trade and economic development at the University of St. Gallen in Switzerland. B次元官网网址淚t only takes one thing to go wrong before weB次元官网网址檙e into trouble.B次元官网网址

While the U.N. Food and Agriculture OrganizationB次元官网网址檚 food price index has fallen below the when Russian troops entered Ukraine, food costs were already high because of COVID-19, conflict and drought.

Then RussiaB次元官网网址檚 war helped push up the costs to produce food B次元官网网址 including energy, fertilizer and transportation.

In developing nations increasingly relying on imported food, from Kenya to Syria, because they are paying in U.S. dollars.

B次元官网网址淲ith approximately 80% of East AfricaB次元官网网址檚 grain being exported from Russia and Ukraine, over 50 million people across East Africa are facing hunger, and food prices have shot up by nearly 40% this year,B次元官网网址 said Shashwat Saraf, the International Rescue CommitteeB次元官网网址檚 regional emergency director for East Africa.

B次元官网网址淚t is vital for the international community to not only forge a long-term deal but also build durable solutions to tackle food insecurity,B次元官网网址 he said.

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