Total Pageviews

Wednesday, 26 July 2023

Danger for World food security

 


World food security is facing a dangerous situation following Russia's decision to withdraw from the Black Sea Grain Initiative, a deal previously brokered by the UN and Turkey. Almost a year after the agreement, Russia's warning that it cannot guarantee safe passage to ships has brought the situation back to square one. This development raises concerns about a potential food crisis, especially considering the backdrop of soaring inflation that arose after the Russia-Ukraine war erupted in February 2022.

The implications of this decision are significant, as both Russia and Ukraine are major producers of essential grains such as wheat, maize, barley, and sunflower. Ukraine, often referred to as Europe's 'breadbasket,' plays a crucial role in ensuring global food security by facilitating unimpeded access to food and fertilizers through the Black Sea routes. With this pact now in tatters, the flow of shipments to global markets is disrupted, putting food security at risk in many countries, particularly in poorer nations that heavily rely on imports from the region.

The impact of the collapsed deal becomes evident when we consider that a staggering 33 million tonnes of grains passed through Ukraine's seaports under this initiative in the past year, significantly contributing to stabilizing global food prices. Moreover, specific countries like India, heavily dependent on Ukraine for about three-quarters of its sunflower oil needs, are likely to feel the effects as Russia was the second-largest supplier.

Adding to the severity of the situation, the ongoing war has significantly reduced Ukraine's agricultural production, causing a sharp decline of nearly 35 per cent, according to reports. Russia's targeting of Ukraine's Black Sea port of Odesa and farm infrastructure has only added to the tensions. With both nations unwilling to yield, the risk of further exacerbating food insecurity for vulnerable nations looms large.

In light of these circumstances, it is essential for the UN to step in and mediate a solution to the current impasse, or at the very least work towards ending hostilities. The stakes are high, and urgent action is needed to prevent a severe blow to the already vulnerable nations dependent on these vital grain exports.

 

 

No comments:

Post a Comment