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Showing posts with the label countries

Mideast countries that are already struggling fear price hikes after Russia exits grain deal

Egypt and other lower-income Middle Eastern countries like Lebanon and Pakistan are worried about what comes next after Russia pulled out of a crucial wartime grain deal CAIRO -- Ahmed Salah grew anxious when he heard the news that Russia had suspended a crucial wartime grain deal. The bakery owner in Egypt's capital is concerned it could mean global food prices soar. “There mightn’t be immediate impact,” the 52-year-old said last week as he oversaw workers baking bread in his shop in Cairo, “but if they didn’t find a solution soonest, things would be very difficult.” Russia pulled out of the deal brokered by the U.N. and Turkey to allow Ukraine’s grain to flow during a global food crisis. It helped stabilize food prices that soared last year after Russia invaded Ukraine — two countries that are major suppliers of wheat, barley, sunflower oil and other food to developing nations. Egypt, the world's largest wheat importer, and other lower-income Middle Eastern countries like Le...

Five European countries will extend ban on Ukraine's grain but let it head to other places

Five European Union countries will extend their ban on Ukrainian grain to protect their farmers’ interests WARSAW, Poland -- Five European Union countries will extend their ban on Ukrainian grain imports to protect their farmers’ interests, their agriculture ministers said Wednesday, but food can still move through their land to parts of the world in need after Russia pulled out of a deal safeguarding Black Sea shipments. The ministers of Poland, Slovakia, Hungary, Romania and Bulgaria signed a joint declaration ahead of EU discussions on the matter planned next week in Brussels. The declaration said they support continuing to allow Ukraine's grain to move through their borders by road, rail and river to destinations where it is needed but will keep the import ban to their countries through 2023. “This coalition is not against anyone, not against Ukraine or the EU, it is in the interest of our farmers,” Polish Agriculture Minister Robert Telus said after meeting with his counterpar...