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World Affairs, Economy
Mahesh

22/07/23 06:27 AM IST

India supports U.N.'s efforts in continuing Black Sea Grain Initiative

In News
  • India has voiced support for the U.N.'s efforts in continuing the Black Sea Grain initiative.
Black Sea Grain Initiative
  • Ukraine is among the world’s biggest exporter of foodgrains, such as wheat and corn, and a major contributor to the UN’s food aid programmes.
  • When Russia invaded the country and blockaded its ports, it sent food prices soaring and raised fears of food security in the poorer nations of the world.
  • Pakistan, for instance, saw wheat prices skyrocket to crisis levels.
  • On July 22, 2022, the UN and Turkey got Russia to agree to the Black Sea Grain Initiative, under which cargo ships would be allowed to travel from and to three Ukrainian ports of Odesa, Chornomorsk and Pivdennyi (Yuzhny), after inspection that they weren’t carrying arms.
  • The safe passage in the Black Sea was 310 nautical miles long and three nautical miles wide.
  • The primary destinations for Russian wheat are the Middle East, North Africa and Central Asia, led by Egypt, Iran and Algeria.
  • While the Black Sea Grain Initiative helped Ukraine export 16.8 million tonnes in 2022-23, about 39% of its wheat actually moved via the land route to Eastern Europe.
  • Ukraine’s markets have shifted dramatically from Asia and North Africa before the war to mainly Europe, mostly due to ease of shipment.
Source- The Hindu

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