Russia halted a wartime deal on Monday that allows grain to flow from Ukraine to countries in Africa, the Middle East and Asia, where hunger is a growing threat.
The Associated PressA wheat field near the town of Snigurivka, in Ukraine's Mykolaiv region, is shown on July 4. Ukraine is one of the world's top grain producers, and the pact reached with Russia with mediation from Turkey and the United Nations has helped ease the global food crunch triggered by the conflict.
Ukrainian President Volodymyr Zelenskyy's adviser, Mykhailo Podolyak, said the suspension was expected and believes it's political theatre. The suspension of the deal sent wheat prices up about three per cent in Chicago trading, to $6.81 a bushel. Analysts don't expect more than a temporary bump to food commodity prices because places like Russia and Brazil have ratcheted up wheat and corn exports, but food insecurity worldwide is growing.The warring nations are both major global suppliers of wheat, barley, sunflower oil and other affordable food products that developing nations rely on.
Ukraine has accused Russia of preventing new ships from joining the work since the end of June, with 29 waiting in the waters off Turkey to join the initiative. Asked Monday whether an attack on a bridge connecting Crimea to Russia's mainland was a factor behind the decision, the Kremlin spokesperson said it was not.
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