Russia’s grain exports could almost completely stop because of Ukrainian attacks on ships and Black Sea ports

Russia’s grain exports could almost completely stop because of Ukrainian attacks on ships and ports in the Black Sea, and in the poorest countries this threatens “mass hunger” — Union of Grain Exporters and Producers

Reuters cites the organization’s statement on this.

“The disruption of shipping in the Black Sea caused by Ukrainian attacks on bulk carriers and port infrastructure poses a direct threat to global food security. Although importers have not yet faced grain shortages thanks to existing carryover stocks and the temporary ability to meet demand through other suppliers, the consequences of this crisis will soon affect many countries,” the statement says.

The Union warned that because of the attacks, the shortfall in wheat supplies from Russia to other countries this season could amount to 30–35 million tons, about 15% of the total global trade volume in the crop. The organization insists that not all importing countries have the economic ability to maintain previous purchase volumes, which could lead to a significant drop in domestic consumption.

“In the poorest countries, this will cause mass hunger,” the Union of Grain Exporters and Producers claims.

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