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Grain deal extension is vital for food security, price Stability: the experts

by John Pierce
July 3, 2023
in Business
3 min read
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Turkey is also focusing its diplomatic efforts on Ensure the construction of the grain aisle with the agreement in Istanbul continues to work, experts and sector representatives confirm that the extension of the deal is necessary to prevent possible Food crisis and further rise in Prices, stress the importance of Connecting new Crops gathered under the shade of war for world markets.

Communication between the parties is ongoing on Lengthening of The Grain Corridor Agreement signed between Russia and Ukraine, mediated by Turkey and the United Nations.

President Recep Tayyip Erdogan plays a role role of The “facilitator” between the two parties draws attention to the importance of of The issue during his meetings with leaders of Russia and Ukraine. talking recently in Erdogan and Astana said Ankara is intent on promoting the grain deal in Istanbul and transferring Russian grain and fertilizer to the underdeveloped countries. countries.

“We are determined to promote and continue grain exports under the Istanbul Agreement and their transportation,” he added of Russian grain and fertilizer for less developed countries via Turkish”.

“We may work on name identification of countries. It is important to focus on the poor countries instead of developed countries Erdogan said.

Turkey, the United Nations, Russia and Ukraine signed an agreement in Istanbul on July 22 to resume grain exports from three Ukrainian ports on the Black Sea, which were temporarily halted after start of The war between Russia and Ukraine in February.

Comment too on The issue, Presidential spokesman Ibrahim Kalin recently said: “We want This agreement shall be extended. we met with Ukrainian side, they are positive. we also you talk with Russians. They have some concerns about sending their own crops, ammonia and fertilizers.”

The deal has been signed in Istanbul on July 22 which is set to finish on November 19.

Bayram Saad is a member of The Turkish Grain Board reports unrest in Logistics and food supply chain about world with The war between Russia and Ukraine. While some parts of The worldespecially a lot countries in Africa, hey already facing The danger of Famine due to drought supply of It is the grain basic “Food products have been disrupted,” Sade said.

Sade said that price of Bread wheat has increased dramatically due to the COVID-19 pandemic and war.

Food security has become the number one problem of countries,” He said.

Noting that about 7 million tons of Products transported through the grain corridor so far, Sade said it seems unlikely that 25 million tons of Ukraine grains from last The season will be transferred in the remaining time.

“While the extension of the time for This is it already Seen as a necessity, an inability to transfer new Season Product also a threat to world food safety and famine,” Sade pointed out, emphasizing: “It is viewed as an absolute necessity for The countries that suffer in His grip on breathing. For this purpose, indefinite extension of The most important grain corridor agreement way to me reduce food security pressure on The world. “

Jacob Corrigba former Lecturer at the Moscow State Institute of Diplomacy, also He said the agreement continues successfullyin addition to that in September, Ukraine exported 3.7 million tons of This number was 2.2 times higher From in August , first Month of proces of grain aisle.

pointing out who – which in total more More grain was exported by sea than by all other means of “The dynamics have remained positive,” Courgba said during a two-month study in October. if it continues like This, it can reach the pre-war export number by the end of the month. the agreement should is being extended to me avoid price Chaos. “

korgba also He said that the deal also Important for Ukraine economy Since farming one of very little of Its segments are still doing relatively well.

Korgba warned about it failure to extend the deal in short term Will be cause Panic may raise prices in Import sensitive markets.

Stressing that this may increase inflation in average termthus deepening social Korgba said that the unrest key issue in the long run It is to stabilize prices and secure shipments without causing political instability and internal turmoil.

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