DECRYPTION – Despite the lull in prices over the summer, the concern is about the next harvest. The risk of insecurity affects many countries.
Food insecurity will be at the heart of the UN General Assembly, where world leaders will follow one another this week in New York. The situation remains alarming even if the tensions weighing on cereals eased a little this summer. The agreement signed on July 22 between Moscow and kyiv allowed the resumption of shipments of Ukrainian grains, wheat, corn, barley, soybeans and sunflower. From 1is August until Monday, 169 boats, loaded with 3.9 million tonnes, were able to leave three Black Sea ports to send their deliveries to the rest of the world, the latest to China. This is still far from the pre-war monthly rate, around 6 million tonnes. Blocked stocks, which raise concerns about quality, remain significant, estimated at between 60 million and 80 million tonnes. And the agreement, limited for the moment to four months, remains fragile. “Vladimir Putin hinted that he could be revised or not extended”…
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