Russia Isn’t Budging: As deadline looms, Black Sea Grain Deal doesn’t look like it will be resigned
We are just days away from the expiration of the Black Sea Grain Deal and Russia does not seem to be budging on the stance it will not resign.
A United Nations Food and Ag Organization economist shares the impact she thinks it will have, telling Agri Pulse that she does not expect global food prices to rise as sharply as when the war began, but there would still be a severe impact.
Another economist highlighted the poorest nations would see the biggest impact as they will have to pay more to import food.
The deal is set to expire on Monday the 17th.
So far, the initiative has allowed more than 32 million metric tons of ag goods through Black Sea ports.