War in Ukraine: a new missile attack on many regions of Ukraine at once; Russia suspended participation in the deal on the export of the Ukrainian consumer
By UN data, from August 1 to October 28, more than 9.3 million tons of consumers and other food products were shipped from Ukrainian ports. This zirfa includes corn, wheat and sunflower oil. The Ukrainian authorities announced in August that they would export 3 million tons of oil in September and 4 million tons of oil.
The September figure is in the hundreds of million tons, as the pace of shipment of the “grain deal” has accelerated. However, the volume of exports still did not reach pre-war levels. When the grain corridor agreement was signed in July, world food prices fell. United Nations World Food Price Index – FAO Food Price Index – fell almost 9% in October. Despite the fact that this is due to the fall in the cost of other types of food, such as sugar, meat and dairy products.
World wheat prices rose slightly in September due to considerable uncertainty about whether the “grain deal” will work after November (it expires in early November).
While some food items are significant in the world’s poorest countries, the UN data has been significant, with the largest volumes approaching destinations from Ukraine to Spain, Turkey, Italy, China and the Netherlands.
In September, the UN said that just under 30% of food went to the poorest countries, while 44% went to the high-income country. However, according to the UN, grain that has reached its destination can be processed and sent somewhere else.
About 20 million tons of consumed, intended for export, have been detained in Ukraine since February, along with other food products, such as corn and sunflower oil. This has caused food shortages and price spikes in many countries around the world as Ukraine emerged from their sudden emergence of food imports.
Thus, the African Development Bank reported that due to the war on the continent there is a shortage of 30 million tons of food. Food prices for local residents increased by 40%. The register has increased prices by 50% for basic products such as pasta and bread.
In Yemen, Ukraine, which used to import more than a million tons of wheat per year, prices for flour rose by 42%, and for bread – by 25%. In statistics, another major importer of Ukrainian wheat, bread prices have doubled.