02 Nov 2022 --- Russia has agreed to rejoin the Black Sea Grain Initiative just as world leaders were warning of major food insecurity wreaking havoc across developing countries. After initially pulling out of the Ukraine export deal, Russia revealed this morning it will resume participation and keep the commodity in supply despite the war’s continuing escalation. As food inflation climbs to unprecedented levels in countries around the world, experts have warned that further shortages would lead to “catastrophic consequences” for poorer nations. These concerns came as Russia forecasted a record wheat crop yield this year.
