Dubbed the “Black Sea Grain Initiative,” the agreements will provide safe ocean passage out of the three key Ukrainian ports in the Black Sea—Odessa, Chernomorsk and Yuzhny—and on to the rest of the world.
In early May, the Indian Prime Minister announced India was ready “to feed the world” to combat the food shortage following the war in Ukraine. But contrary to expectation, the Indian government enacted an export ban on wheat to combat soaring domestic prices.
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