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Black Sea port conflicts threaten food security
The article discusses the crisis in maritime trade in the Black Sea resulting from the escalation between Russia and Ukraine. Russian attacks have targeted Ukrainian ships and ports, causing operations at the three Black Sea ports to halt, reducing grain exports by about one-third this year and doubling shipping costs. As a result of this escalation, alternative transportation routes via the Danube River and land routes have become less efficient, while ships face high risks and increased insurance premiums, threatening global food security especially with the approaching harvest season in September and October. These developments are leading to expectations of rising prices and declining food supplies, thereby amplifying the crisis's impact on the global market.
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