The Russia-Ukraine grain agreement: What is at stake?

On July 22, 2022, Ukraine and Russia reached an agreement to allow exports of grain and other agricultural products to resume from selected Ukraine Black Sea ports after months of Russian blockade. The agreement comes at a time when storage capacity is reaching its limits, with much of the 2022 whea...

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Detalles Bibliográficos
Autores principales: Glauber, Joseph W., Laborde Debucquet, David
Formato: Capítulo de libro
Lenguaje:Inglés
Publicado: International Food Policy Research Institute 2023
Materias:
Acceso en línea:https://hdl.handle.net/10568/140121
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author Glauber, Joseph W.
Laborde Debucquet, David
author_browse Glauber, Joseph W.
Laborde Debucquet, David
author_facet Glauber, Joseph W.
Laborde Debucquet, David
author_sort Glauber, Joseph W.
collection Repository of Agricultural Research Outputs (CGSpace)
description On July 22, 2022, Ukraine and Russia reached an agreement to allow exports of grain and other agricultural products to resume from selected Ukraine Black Sea ports after months of Russian blockade. The agreement comes at a time when storage capacity is reaching its limits, with much of the 2022 wheat harvest and the approximately 20 million metric tons of grains and oilseeds harvested in 2021 remaining in storage — unable to ship because of the blockade. The deal, brokered by Türkiye and the United Nations, has been widely praised; resuming Ukrainian trade should help ease market prices, consolidating the reductions seen in recent weeks and helping to bring prices back to the pre-COVID-19 levels of 2020. Indeed, wheat prices had already fallen to their pre-invasion level by July 1, while corn prices returned to pre-war levels by July 17. Still, prices for both cereals remain 50% higher than 30 months ago [July 2020].
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spelling CGSpace1401212025-11-06T03:58:36Z The Russia-Ukraine grain agreement: What is at stake? Glauber, Joseph W. Laborde Debucquet, David shock policies war coronavirus covid-19 agreements cereals agriculture markets trade coronavirinae russia food security ukraine conflicts coronavirus disease prices climate change On July 22, 2022, Ukraine and Russia reached an agreement to allow exports of grain and other agricultural products to resume from selected Ukraine Black Sea ports after months of Russian blockade. The agreement comes at a time when storage capacity is reaching its limits, with much of the 2022 wheat harvest and the approximately 20 million metric tons of grains and oilseeds harvested in 2021 remaining in storage — unable to ship because of the blockade. The deal, brokered by Türkiye and the United Nations, has been widely praised; resuming Ukrainian trade should help ease market prices, consolidating the reductions seen in recent weeks and helping to bring prices back to the pre-COVID-19 levels of 2020. Indeed, wheat prices had already fallen to their pre-invasion level by July 1, while corn prices returned to pre-war levels by July 17. Still, prices for both cereals remain 50% higher than 30 months ago [July 2020]. 2023-07-11 2024-03-14T12:08:57Z 2024-03-14T12:08:57Z Book Chapter https://hdl.handle.net/10568/140121 en https://doi.org/10.2499/9780896294394 https://www.ifpri.org/blog/russia-ukraine-grain-agreement-what-stake Open Access application/pdf International Food Policy Research Institute Glauber, Joseph W.; and Laborde Debucquet, David. 2023. The Russia-Ukraine grain agreement: What is at stake? In The Russia-Ukraine Conflict and Global Food Security, eds. Joseph Glauber and David Laborde. Section Three: Trade policy responses and mitigation options, Chapter 20, Pp. 103-107. https://doi.org/10.2499/9780896294394_20.
spellingShingle shock
policies
war
coronavirus
covid-19
agreements
cereals
agriculture
markets
trade
coronavirinae
russia
food security
ukraine
conflicts
coronavirus disease
prices
climate change
Glauber, Joseph W.
Laborde Debucquet, David
The Russia-Ukraine grain agreement: What is at stake?
title The Russia-Ukraine grain agreement: What is at stake?
title_full The Russia-Ukraine grain agreement: What is at stake?
title_fullStr The Russia-Ukraine grain agreement: What is at stake?
title_full_unstemmed The Russia-Ukraine grain agreement: What is at stake?
title_short The Russia-Ukraine grain agreement: What is at stake?
title_sort russia ukraine grain agreement what is at stake
topic shock
policies
war
coronavirus
covid-19
agreements
cereals
agriculture
markets
trade
coronavirinae
russia
food security
ukraine
conflicts
coronavirus disease
prices
climate change
url https://hdl.handle.net/10568/140121
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