The Global Significance of Ukraine's Grain Shipments Amid Russia's Conflict

1 min read
Source: The Associated Press
The Global Significance of Ukraine's Grain Shipments Amid Russia's Conflict
Photo: The Associated Press
TL;DR Summary

The grain deal brokered by the United Nations and Turkey between Ukraine and Russia, which allows food and fertilizer to be shipped from the warring nations to parts of the world facing food insecurity, is at risk as Russia threatens not to extend the deal unless its demands are met. The deal has helped bring down global food prices and allowed humanitarian food aid to reach vulnerable countries. If the deal ends, there could be a spike in food prices, affecting global food security. The affected countries would need to find alternative suppliers, raising costs and exacerbating existing economic challenges.

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