date:Mar 15, 2023
food prices.
Wheat field.
The continuation of the Black Sea Grain Initiative is crucial for global food security, as grain and fertilizer prices and availability have not returned to pre-war levels, causing hardship particularly in developing countries, continues the body.
Moreover, the UN explains that 55% of food exports are going to developing countries.
Russian reluctance
While 55% is going toward developing countries, under the first extension Russia sought assurances that more grain wo