UN World Food Program confident about the grain export agreement with Ukraine

 UN World Food Program confident about the grain export agreement with Ukraine. The World Food Programme (WFP) expressed optimism over a UN-mediated agreement to reopen Ukrainian ports for grain exports, but it issued a warning that the accord alone will not end the world food crisis, even if it is successfully implemented.

UN World Food Program confident about the grain export agreement with Ukraine

A deal was agreed on Friday by Russia, Ukraine, the United Nations, and Turkey to allow ships to enter and exit three Ukrainian Black Sea ports that have been shut down by Russia ever since Moscow's invasion on February 24.

Tens of millions of tonnes of grain have been stranded in the nation because Ukraine and Russia are both significant grain exporters. In addition to Western sanctions on Russia, it has caused oil and food costs to spike, igniting unrest in poor nations that depend on grains from the Black Sea.

Due to severe financial deficits and global inflation, which have both been made worse by the Ukraine conflict, the World Food Programme (WFP) has had to reduce aid this year in key hunger hotspots like Yemen and South Sudan.

We're hopeful that the agreement would lower food prices worldwide. The first to benefit would probably be nations that depend on grain imports from the Black Sea, a WFP official told Reuters.

However, she continued, the current global food crisis is not solely a pricing catastrophe, and even if Friday's agreement holds, which is far from certain, man-made violence, climatic shocks, and the COVID-19 epidemic will continue to keep food prices elevated.

One day after the agreement was signed, Russian missiles struck the southern Ukrainian port of Odesa, raising fears that it could fall apart. However, the Kremlin has dismissed these fears, claiming that the attack solely targeted military equipment.

The WFP used to purchase more than half of its wheat from Ukraine before the crisis. According to the organisation, which will receive the Nobel Peace Prize in 2020, 47 million people will experience acute hunger this year as a result of the present global food crisis.

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