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Reuters
Reuters
Environment
By Naveen Thukral

World food supplies at risk as Russia withdraws from Black Sea deal

Russia Black Sea Ukraine Singapore UNbrokered
FILE PHOTO: The Sierra Leone-flagged cargo ship Razoni, carrying Ukrainian grain, is seen in the Black Sea off Kilyos, near Istanbul, Turkey August 2, 2022. REUTERS/Yoruk Isik/File Photo

Russia's weekend backtrack from a U.N.-brokered deal to export Black Sea grains is likely to hit shipments to import-dependent countries, deepening a global food crisis and sparking gains in prices.

Hundreds of thousands of tonnes of wheat booked for delivery to Africa and the Middle East are at risk following Russia's withdrawal, while Ukrainian corn exports to Europe will take a hit, two Singapore-based traders said.

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