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White House: Russia grain deal withdrawal has sparked price volatility

Published 27/07/2023, 19:52
© Reuters. U.S. White House Press Secretary Karine Jean-Pierre holds a press briefing at the White House in Washington, U.S., July 26, 2023. REUTERS/Leah Millis

WASHINGTON (Reuters) - Russia's withdrawal from a deal that had allowed Ukraine to export its badly needed grain has sparked volatility in grain prices, the White House said on Thursday.

© Reuters. U.S. White House Press Secretary Karine Jean-Pierre holds a press briefing at the White House in Washington, U.S., July 26, 2023. REUTERS/Leah Millis

Press secretary Karine Jean-Pierre told reporters that the Black Sea grain initiatives have resulted in more than 32 million tons of grain being exported to rural markets.

"Russia's actions to take such a significant amount of food products off the world markets will exacerbate hunger in some of the hardest-hit areas of the world, including Africa," she said.

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