Lifeline for global food security

An international deal that allows Ukraine’s grain shipments by sea will expire in July. The Black Sea Grain Initiative has enabled more than 32 million tonnes of crops to reach global markets

Wheat 
Maize 
$0.00 $ per bushel 

Feb 24, 2022: Russia invades Ukraine 
Blockades grain export route via Black Sea

May: “Solidarity lanes”
established to increase Ukrainian grain exports

Jul: Black Sea Grain Initiative
UN-brokered deal guides ships safely out of Ukrainian ports

Grain shipments (tonnes)

Wheat 8.84 millions
Maize 16.70 millions
Other 7.21 million

$
15 
12  
9
6
3
0 
J F M A M J J A S O N D J F M A M J J
2022 2023

$13.40 $7.59 $5.99 $7.63 $6.92 $5.63

 Sources: Bloomberg, MacroTrends, Reuters Picture: Getty Images © GRAPHIC NEWS