NDLI: The Russia-Ukraine grain agreement: What is at stake?

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The Russia-Ukraine grain agreement: What is at stake?

Content Provider	Consultative Group on International Agricultural Research (CGIAR)
Author	Glauber, Joseph W. Laborde Debucquet, David
Organization	IFPRI - Markets, Trade, and Institutions Unit
Organization	IFPRI - Systems Transformation - Food and Nutrition Policy
Organization	IFPRI - Food Security Portal
Description	On July 22, 2022, Ukraine and Russia reached an agreement to allow exports of grain and other agricultural products to resume from selected Ukraine Black Sea ports after months of Russian blockade. The agreement comes at a time when storage capacity is reaching its limits, with much of the 2022 wheat harvest and the approximately 20 million metric tons of grains and oilseeds harvested in 2021 remaining in storage — unable to ship because of the blockade. The deal, brokered by Türkiye and the United Nations, has been widely praised; resuming Ukrainian trade should help ease market prices, consolidating the reductions seen in recent weeks and helping to bring prices back to the pre-COVID-19 levels of 2020. Indeed, wheat prices had already fallen to their pre-invasion level by July 1, while corn prices returned to pre-war levels by July 17. Still, prices for both cereals remain 50% higher than 30 months ago [July 2020].
Sponsorship	Foreign, Commonwealth and Development Office, United Kingdom United States Agency for International Development
Related Links	https://cgspace.cgiar.org/items/4dd51c6b-ded4-42c3-b539-924704c90e6b
File Format	PDF
DOI	10.2499/9780896294394_20
Language	English
Publisher	International Food Policy Research Institute
Publisher Place	Washington, DC
Access Restriction	Open
Rights License	CC-BY-4.0
Subject Keyword	Shock Policies War Coronavirus Covid-19 Agreements Cereals Agriculture Markets Trade Coronavirinae Russia Food Security Ukraine Conflicts Coronavirus Disease Prices Climate Change
Content Type	Text
Resource Type	Chapter
Subject	Agronomy and Crop Science Food Science Plant Science

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