Russia halts wartime deal allowing Ukraine to export grain at time of growing hunger:
. The initiative is credited with helping lower soaring prices of wheat, vegetable oil and other food commodities., barley, sunflower oil and other food products that developing nations rely on.
Analysts don’t expect more than a temporary bump in global food commodity prices because countries such as Russia and Brazil have ratcheted up wheat and corn exports. But food insecurity worldwide and prices at local stores and markets have risen as developing countries also struggle with climate change, conflict and economic crises. Finding suppliers outside Ukraine that are farther away also could raise costs, analysts say.
“We are not afraid,” he said. “We were approached by companies that own ships. They said that they are ready, if Ukraine gives it, and Turkey continues to let it through, then everyone is ready to continue supplying grain.”
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