Kenyan economists say newly-arrived Ukrainian wheat could ease hunger

Published 2023년 6월 12일

Tridge summary

Thirty thousand tons of wheat from Ukraine has arrived in Kenya as part of the U.N.-brokered Black Sea Grain Initiative, aiming to ease hunger in drought-stricken areas and reduce high food prices. This is part of Ukraine's 'Grain from Ukraine' humanitarian program, with more shipments planned for the end of the year. However, economists stress the need for African countries to reduce reliance on imports and increase local production to control food prices and reduce dependence on outside events. The initiative is crucial as it allows Ukrainian food exports, including wheat, to reach foreign markets, following disruptions due to the conflict.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Kenyan economists say newly-arrived wheat imports from Ukraine could help ease hunger in drought-stricken areas and bring down high food prices. Thirty thousand tons of wheat arrived in Kenya Monday under the U.N.-brokered Black Sea Grain Initiative, in which Russia agreed not to block Ukrainian grain shipments. But Russian President Vladimir Putin warned this week that Moscow could end the deal within 60 days. The increased cost of cereal commodities such as wheat has left bakers like Harrison Kiai in the grip of higher wheat flour prices. Kiai said these days, his profits are insignificant. “Prices of the baking items like flour, sugar, when you compare [them] to the last maybe two years, the cost was a bit down,” he said. “So, the challenges that we have right now to increase the cost, which maybe the customer is not comfortable with because when you go to the market, the things have shot up.” Harrison believes that recent wheat imports from Ukraine will help ease soaring flour ...

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