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Suspension of the Black Sea Grain Initiative: What has the deal achieved, and what happens now?

In: The Russia-Ukraine conflict and global food security

Author

Listed:
  • Glauber, Joseph W.
  • Laborde, David

Abstract

Russia’s October 29, 2022, announcement that it was suspending its participation in the Black Sea Grain Initiative — which allows shipments out of Ukrainian ports — was not a surprise; Russia had been skeptical of the deal from the start. But now the supply disruptions will begin again: the move will have a negative impact on Ukraine, its customers, and world market prices — and on global food security, particularly for countries in the Middle East and North Africa (MENA) region. Not only are those countries more dependent on Ukraine as a supplier of wheat and other grains, but they tend to buy more during the winter to supplement their own harvests, which are largely consumed by the end of the year. The renewed interruption in imports could increase food insecurity in these countries and potentially exacerbate political tensions.

Suggested Citation

  • Glauber, Joseph W. & Laborde, David, 2023. "Suspension of the Black Sea Grain Initiative: What has the deal achieved, and what happens now?," IFPRI book chapters, in: The Russia-Ukraine conflict and global food security, chapter 21, pages 108-111, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:fpr:ifpric:9780896294394_21
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