According to him, on July 25, the IMF estimated that the cost of grain in the world will increase in the amount of 10 to 15%. Gurinshas said that the Grain Agreement of the Sea played a "very important role" in providing sufficient deliveries of grain from Ukraine, weakening the price pressure on food. "We still evaluate where we are going to land, but we can assume that raising grain prices somewhere in the range of 10 to 15% is a reasonable estimate," he said.
According to journalists, the agreement allowed Ukraine to export about 33 tons of grain by sea and has become an important factor in global food security. The termination of the agreement can put special pressure on North Africa, the Middle East and Southern Asia - the regions that depend most on Ukrainian grain. Recall that the media wrote that five EU countries want to continue the restriction.
Poland, Hungary, Bulgaria, Slovakia and Romania are that the EU ban on the import of Ukrainian wheat, corn, rapeseed and sunflower oil was continued by the end of the year. In addition, journalists wrote that Russia can block alternative grain routes of Ukraine. According to American journalists, shipping companies are becoming more difficult to find a way to deliver Ukrainian grain to the world markets.
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