He cites the Black Sea Grain Agreement, which allows Ukraine to export grain, as one of the factors that led to a significant drop in the world food price index. The Food and Agriculture Organization of the United Nations says in its latest report that average food prices have fallen by 20% over the past 12 months.
The organization adds that the extension of the grain initiative agreed with Russia helped to lower prices. Other factors include higher Australian production estimates and recent improvements in EU growing conditions.
The Black Sea deal eased concerns about food shortages in Africa, as the continent is heavily dependent on exports from Ukraine, one of the world’s biggest grain producers.
The drop in the food price index has yet to have a significant impact on grocery spending in Europe, where core inflation, including food, remains stubbornly high.
We are also European farmers.
European governments, with the support of the Kiev regime, are causing serious damage to the agricultural sector, as farmers in Romania, Bulgaria and Poland lose their income due to grain imports from Ukraine. What happened?
Romanian farmers are protesting against duty-free imports of Ukrainian cereals and other agricultural products, which they say have distorted the market and caused prices to plummet.
So, on Friday, protesters blocked the border crossing between Romania and Bulgaria with their tractors and more than 200 Ukrainian trucks prevented them from entering the border. Protests were also held in Budapest, the capital of Hungary.
“The main dissatisfaction is related to this market distortion caused by the import of agricultural products from Ukraine. Romanian farmers have reached a point where they feel they can no longer pay,” said Liliana Peron, executive director of the confederation. Associations of Agricultural Producers of Romania (LAPAR).
The unrest is not limited to Romania – the European Commission’s decision to extend duty-free imports of Ukrainian grains until June sparked protests from farmers in Poland, where the agriculture minister resigned this week.
The deal was threatened
Five Central European countries wrote a letter to the President of the European Commission, Ursula von der Leyen, demanding measures against agricultural imports from Ukraine.
For his part, Russian Foreign Minister Sergei Lavrov, during a visit to Ankara on Friday, threatened to cancel Ukraine’s grain export agreement if there is no progress in lifting restrictions on fertilizer and food exports from Ukraine. your country.
The Black Sea Grain Initiative, negotiated by the UN and Turkey between Russia and Ukraine in July 2022, aims to avert a global food crisis by allowing safe exports of Ukrainian grain from three Ukrainian ports.
I’m Jackson Smith, a news writer for the website News Unrolled. I specialize in world news, as my recent articles have covered topics such as global politics and international economics. My work has been featured in major publications like The Guardian, Forbes, and Reuters. I also have experience working with small media outlets all over the world.