Uncertainty over Black Sea Grain Initiative extension continues to impact market- wheat price volatility “remains high” (Farm Policy News)
- From
-
Published on
24.03.23
- Impact Area
Farm Policy News quoted Reuters in a report, writing, “Russia has proposed that a U.N.-backed initiative that has enabled grains to be exported from Ukraine’s Black Sea ports should be renewed for just 60 days.”
In more detail regarding wheat prices, Joseph Glauber, a senior research fellow with the International Food Policy Research Institute, indicated in a blogpst update (Assessing tight global wheat stocks and their role in price volatility) this week that “The Russia-Ukraine war has caused significant price volatility in agricultural markets over the past year—for wheat, in particular, price levels and price volatility reached the highest levels since the 2007/08 marketing year. Both have fallen back to pre-war levels over the past six months, but volatility remains high relative to historical levels, indicating that significant market uncertainty remains, creating ongoing vulnerability for global food security.”
Read full article.
Related news
-
The world is nowhere near the goal of zero hunger by 2030 amid uncertain global development financing. What now?
International Food Policy Research Institute (IFPRI)05.05.25-
Food security
By James Allen IV May 5, 2025 In the wake of a series of recent crises…
Read more -
-
From data to impact: IRRI’s digital vision at CGIAR Science Week 2025
International Rice Research Institute (IRRI)28.04.25-
Food security
By Shalini Gakhar As climate pressures and food insecurity continue to challenge global agriculture,…
Read more -
-
IRRI and ICRISAT Set a Joint Vision to demonstrate Integrated Seed Systems for Dryland Farming in South Asia
International Crops Research Institute for the Semi-Arid Tropics (ICRISAT)25.04.25-
Food security
CGIAR centers align efforts to drive inclusive, impact-oriented research from 2025 to 2027 New Delhi…
Read more -