Global prices for food commodities like rice and vegetable oil have risen for the first time in months after Russia ended a deal allowing Ukraine ship grain and India restricted some rice exports.

Global prices for food commodities like rice and vegetable oil have risen for the first time in months after Russia pulled out of a wartime agreement allowing Ukraine to ship grain to the world, and India restricted some of its rice exports, the U.N. Food and Agriculture Organization said Friday.

  • @iopq
    6•1 year ago

    It’s their only hope: starve enough people for a peace settlement that favors them (keeping what they have)

    Slowly losing their Black Sea fleet and slowly losing ground is not great for Russia.

    • Drusas
      3•1 year ago

      In addition, it gives Russia leverage over countries that have been dependent on Ukrainian grain. Russia is trying to get them to depend now on cheap Russian grain.