Moscow criticised as concern grows about impact of climbing agricultural commodity prices on poorer countries
Wheat prices have been climbing on global markets, just days after Russia pulled out of an agreement that guaranteed safe passage for ships carrying cereals through the Black Sea, reigniting fears of the impact on poorer, grain-importing countries, as well as on western nations dealing with stubbornly high inflation.
Russia has carried out heavy air strikes on Ukraine’s grain stores, as well as port infrastructure in the coastal city of Odesa after the Kremlin’s decision to terminate the UN-brokered Black Sea grain initiative between Russia and Ukraine.
More Stories
Dutton scotches rumours he ‘disappointed’ Gina Rinehart with his Coalition gas plans
Trump announces sweeping new tariffs, upending decades of US trade policy
New Zealand’s controversial bill to reinterpret treaty with Māori should be scrapped, committee finds