*[Enwl-eng] Russia-Ukraine grain deal shredded – what that means
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Edition - Today's top story: Why Russia pulled out of its grain deal with
Ukraine – and what that means for the global food system View in browser
Global Edition | 20 July 2023
A Russia-Ukraine grain deal that has been critical to
keeping global food prices relatively stable and preventing famine in parts
of the world is in tatters. Earlier this week, Russia said it was pulling
out of the year-old deal, which allowed shipments of grains and other
foodstuffs to travel past the Russian naval blockade in the Black Sea. And
to make matters worse, over the next two days Russia bombed the Ukrainian
port of Odesa, destroying more than 60,000 tons of grain.
As a result, food prices have surged, with the cost of
wheat, corn and soybeans in Europe, the Middle East and elsewhere all
skyrocketing. So, what is the grain deal, and why is it so important to the
global food supply chain?
Anna Nagurney is an expert on supply chains, including
those involving perishable products like food, and is co-chair of the board
of directors overseeing the Kyiv School of Economics in Ukraine. Here, she
explains how important Ukrainian grain is to feeding the world – and why the
Black Sea is a vital route to getting it to people who need it.
Also this week, check out a trio of reports on China, and
read our coverage of the FIFA Women’s World Cup, which kicks off today.
Bryan Keogh
Managing Editor, US edition
The grain deal allowed Ukrainian corn and other products
to reach ports in Lebanon and elsewhere. AP Photo/Hassan Ammar
Why Russia pulled out of its grain deal with Ukraine – and
what that means for the global food system
Anna Nagurney, UMass Amherst
Russia’s move, which it followed by bombing the key port
city of Odesa and threatening to attack any ship sailing for Ukraine, sent
global food prices skyrocketing.
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Dudley L. Poston Jr., Texas A&M University
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As hip-hop turns 50, an unfortunate reality is that so
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