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Resumption of grain exports

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The World Food Programme (WFP) estimates that 47 million people have moved into a stage of acute hunger as a consequence of the Ukraine war, and Western officials have accused Russia of using food as a weapon during its invasion of Ukraine.

On 22nd July 2022, Russia and Ukraine signed a deal to allow for the resumption of grain exports from the Black sea ports. This deal will also allow the unimpeded access of Russian fertilizers to global markets. Both Ukraine and Russia are major global exporters of grains and
fertilizers respectively.

Freely and creatively discuss the geopolitical and economical implications of the above statements and the impact of the Russia - Ukraine war on the rising food prices globally. How does this deal impact this?

Explain in detail in 600 words

Reference no: EM133200958

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