The recent suspension of the Black Sea Grain Initiative by Russia has caused a surge in wheat prices and raised concerns about food security in developing nations that depend on Ukrainian and Russian grain exports. This wartime deal allowed for grain to be exported from Ukraine to countries in Africa, the Middle East, and Asia.
However, the move comes as Russia demands greater access to global food and fertilizer markets, which has contributed to the current global food crisis. The ongoing war in Ukraine, combined with other factors such as the COVID-19 pandemic and climate change, has exacerbated food insecurity levels around the world.
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