Ukraine grain saga: Brace up for higher food prices, USAID tells African countries | TheCable

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The United States Agency for International Development (USAID) has warned Nigeria and other African countries to prepare for higher food prices.

Speaking at a media briefing on Thursday, Isobel Coleman, USAID’s deputy administrator for policy and programming, attributed the development to Russia’sEstablished in July 2022, the Black Sea Grain Initiative isabating a global food crisis after Russia invaded Ukraine — a neighbouring country and fellow key grain exporter.

She said just in the last few weeks since pulling out of the initiative, the government of Ukraine estimated that Putin’s missiles and drone attacks have destroyed 180,000 metric tons of Ukrainian grains sitting in storage.Advertisement “We’ve seen already how when the Black Sea Grain Initiative deal came into place, global food prices came down over time, and since Russia has pulled out of the agreement, food prices have again been on the rise.

Coleman said Russia’s withdrawal from the initiative, which in principle, prevented Ukraine from exporting grain to Nigeria and other developing countries, would have dire consequences for food security.She said 65 percent of the grains from the Black Sea Grain Initiative have gone to developing countries and 20 percent have gone directly to the least developed countries.

 

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