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Grain trading to give short-term bailouts, experts warn while the world needs a more diverse food system

https://sputniknews.com/20220723/grain-deal-to-give-short-term-relief-while-world-needs-more-diverse-food-system-experts-warn-1097730235.html

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Ukraine, Russia, grain, crops, food crisis, food security

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Moscow (Sputnik)-Istanbul’s grain trade is only a temporary solution to the global food crisis exacerbated by the Ukrainian conflict and requires a new, more decentralized and diverse world food system. The expert told Sputnik.

Ukrainian and Russian representatives on Friday Signed the contract The United Nations in Turkey and Istanbul mediated the lifting of restrictions on the supply of Russian products for export and Moscow’s assistance in exporting Ukrainian grain via the Black Sea.

“If all parties comply with a UN-mediated agreement on Ukrainian black sea grain exports, this will provide important short-term relief when food insecurity is unacceptably high due to rising global food prices. It’s a temporary measure, “said William Moseley, a member of the United Nations High-Level Panel of Experts on Food Security and Nutrition.

This deal helps some farmers get the resources they need to grow their crops, but for others, Trading was too late as the planting season in the Northern Hemisphere was overThe expert pointed out.

“These agreements are welcome news, but beyond these short-term measures, a more decentralized and diverse global food system that allows more countries to increase their share of their food. Needs to be developed, “Moseley said, adding that the country should not depend on it.About such supply Agricultural input As an inorganic fertilizer, pesticide, herbicide.
Grain loading at Karmichanka farm in the People's Republic of Lugansk. -Sputnik International, 1920, 20.07.2022

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Because the World Food Program (WFP) has historically purchased large amounts of grain from Ukraine Would be useful for WFP According to experts, having the priority to buy Ukrainian grain when new stocks enter the market.
Rob Vos, director of the International Food Policy Research Institute’s (IFPRI) Market and Trade Organization Division, also warned: Food security is affected by many factors, and grain trading alone is not enough.. At the same time, he acknowledged that the deal would help lower global food prices. The price is Wheat and corn are already declining.

“This transaction is important because there is no good alternative to recover all the grains and oilseed stored in silos. Exporting Ukrainian grains on land and via Europe is such a logistics The capabilities are so limited that it cannot replace the Black Sea, “Vos said.

The Grain export He said it would be beneficial for all countries that depend on supply from Russia and Ukraine across the sea. It is important to carry out this deal in the second half of this year, as Ukraine is the time to export the most grains, Vos added.

“Unless we can export more grain, storage capacity constraints will be extreme by this fall, so it’s important that trading continues,” he said.

However, experts say the global market remains tight and uncertain, as evidenced by the continued volatility of the grain market.



https://sputniknews.com/20220723/grain-deal-to-give-short-term-relief-while-world-needs-more-diverse-food-system-experts-warn-1097730235.html Grain trading to give short-term bailouts, experts warn while the world needs a more diverse food system

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