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Ukraine looks for ways to get its grain out

May 25, 2022 / 10:04 AM
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Sharjah24 - Reuters: Ukraine is seeking ways to get grain and vegetable oils out of the country by breaking a months-long blockade of the Sea of Azov and the Black Sea by the Russian navy and moving more by land.
The war, together with Western sanctions against Russia, have sent the price of grain, cooking oil, fertiliser and energy soaring.

That in turn is threatening a global food crisis as many countries count on Russia and Ukraine for more than half of their wheat imports, including some of the poorest.

Russia and Ukraine together account for nearly a third of the global wheat supply, and their importance has been underscored by an Indian export ban and adverse crop weather in North America and Western Europe.

Ukraine is also a major exporter of corn, barley, sunflower oil and rapeseed oil, while Russia and Belarus - which has backed Moscow in the war and is also under sanctions - account for over 40% of global exports of the crop nutrient potash.
May 25, 2022 / 10:04 AM

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