Carter, Colin and Sandro Steinbach

from ARE Update Vol. 26, No. 6, Jul/Aug, 2023

View Article PDF: Russian Weaponization of Food Rattles Global Markets

Abstract

Blaming his decision on nonexistent export restrictions that were allegedly imposed by the West, Vladimir Putin has backed out of a trade deal brokered by the United Nations and Turkey that permitted Ukrainian grain to be exported from ports on the Black Sea to world markets. Putin is now trying to diminish Ukraine’s ability to export grain, even though he has devastated Ukraine’s 2023 harvest, reducing it by one-third. The Black Sea is now part of the war zone. This threatens the viability of all Black Sea grain exports, including grain sourced from Russia, with severe implications for global food security.

Keywords

Russia, global food security, wheat, corn, Black Sea

Citation

Carter, Colin and Sandro Steinbach. 2023. "Russian Weaponization of Food Rattles Global Markets." ARE Update 26(6): 1–4. University of California Giannini Foundation of Agricultural Economics.
https://giannini.ucop.edu/filer/file/1694637435/20778/