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Russia kills key grain deal: What it could mean for SA shoppers | Business

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Economists say South African consumers are not immediately at risk of escalating grain prices after Russia pulled out of a crucial agreement, brokered by the United Nations, that ensured the safe passage of grain and oilseeds from Ukraine.

Ukraine, a major global grain and oilseed exporter, moves up to 5 million tonnes of the products through its Black Sea ports monthly during peacetime. But its war with Russia led to a global escalation of grain and oilseed prices - which the deal, called the Black Sea Grain Initiative,.

Ukraine, a major global grain and oilseed exporter, moves up to 5 million tonnes of the products through its Black Sea ports monthly during peacetime. But its war with Russia led to a global escalation of grain and oilseed prices - which the deal, called the Black Sea Grain Initiative,
 

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