The Russia-Ukraine war is having an ongoing impact on the global grain market. This comes after the blockade of Ukraine's seaports from March to July 2022, which led to diminished supplies of exportable wheat and maize from that country, and subsequent soaring prices worldwide.
The Black Sea Grain Initiative, brokered by the UN and Turkey, was signed in July 2022 to allow Ukraine to resume grain exports via the Black Sea without incident. This relieved some global
