Reports suggest Russia unhappy about deal and is threatening to pull out of scheme exporting grain from Black Sea ports
Graham Watson's insight:
Is Russia going to pull out of the existing scheme to permit the export of Russian and Ukrainian grain and fertiliser from Black Sea ports? If so, this has implications for the economic fortunes of Ukraine, as well as global food security and food prices. And if it keep food price inflation high this has adverse implications for the global economy as a whole.
A Ukrainian steel boss accuses Russia of stealing metal that had been meant for Europe.
Graham Watson's insight:
Another consequence of the war in Ukraine has been the looting of Ukrainian output, notably grain and, in this case, steel. This article lifts the lid on this.
Ukraine grain distributor and grower MHP explains the terrifying challenges facing its crucial business.
Graham Watson's insight:
One of Ukraine's largest food producers has explained why its collapse would have catastrophic effects: in the short-term for the war; in the longer-term for the global economy. It's a salutory tale and illustrates why Ukraine has a pivotal role in certain markets, notably grain and sunflower oil.
Programme to subsidise exports of grain to poor and hungry countries launched on anniversary of Ukraine’s Holodomor famine
Graham Watson's insight:
Ukraine is to offer subsidised exports of grain to some of Africa's poorest countries on the anniversary of the country's Holodomor famine. The subsidies are to come from a variety of sources - not least Western governments, and the aim is to find alternatives to the market to get grain to those countries that were most dependent upon Russia and Ukraine for grain, and are now least able to afford it, such as Somalia, Yemen and Sudan.
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The country's inability to export its grain has led to food prices rising around the world.
Graham Watson's insight:
The Ukrainian government is calling for the establishment of safe passage for its grain exports - something that will be popular with everyone bar Russia. Not only would it provide Ukraine's farmers with an income but it would also lower global food prices.
Unfortunately, neither of these options will appeal to Moscow.
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Is Russia going to pull out of the existing scheme to permit the export of Russian and Ukrainian grain and fertiliser from Black Sea ports? If so, this has implications for the economic fortunes of Ukraine, as well as global food security and food prices. And if it keep food price inflation high this has adverse implications for the global economy as a whole.