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الاقتصادية
Impacts of Black Sea Attacks on Food Prices
The Black Sea region is witnessing an escalation in Russian attacks on Ukrainian ports and grain shipments, leading to a significant decline in Ukraine's grain exports—reducing expected volumes by up to one-fifth—and also harming Russia's export operations. These ongoing disruptions weaken global food supplies, especially since the Black Sea is a crucial corridor for the export of wheat, corn, and sunflower oil, accounting for about 25% of global exports. Despite Ukraine's efforts to use alternative routes via the Danube River, Russian attacks and deteriorating infrastructure have prevented regular exports, causing futures wheat prices to reach their highest levels in three years and raising concerns that continued disruptions could threaten global food supplies.
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