The impact of the Grain Corridor Agreement between Russia and Ukraine on the markets

The world is debating the end of the Grain Corridor Agreement. Western countries say that with the deactivation of the grain corridor, there will be a food crisis, especially in African countries that suffer from hunger. Russia, which terminated the agreement, claims that the rich countries benefit from the grain corridor, not the starving countries, and that it does not serve its purpose. The Grain Corridor Agreement is also criticized by farmers in Turkey. According to the farmers, the prices of wheat, barley, corn and sunflower are low during the harvest period because the warehouses are filled with grain purchased from Ukraine. What is a Grain Corridor? Let's make a brief reminder of what kind of process happened. Due to the war that started with Russia's invasion of Ukraine in February 2022, the prices of grain, sunflower oil, natural gas, fertilizers, which are among the most important inputs, increased and accordingly, the food prices increased in the world. Due to the war, ...