Black Sea Grain Deal Flashcards
Q. What was the Black Sea Grain Deal ?
Ans : * Brokered by the UN and Turkey in July 2022 between Russia and Ukraine.
* Tackled escalating food prices from supply chain disruptions due to the effective blockage of the Black Sea.
* Provided a safe maritime humanitarian corridor for Ukrainian exports ( particularly for food grains) from three of its key ports.
* Deal was for a period of 120 days with an option to extend or terminate. It was extended twice .
Q. What is the impact of the closure of the deal ?
Ans :1. Inflation in food prices .
2. Impact on Ukraine’s farmers.
3. Unequal impact on the poor : World food programme and agriculture organisation warn that acute food insecurity is escalating, affecting as many as 828 million people worldwide.
4. Impact on edible oil in India.
5. Shortfall of fertilizers : Russia and Belarus one the world largest sources of mineral fertilizers (14% of the world)
Q. What are some “Way Forwards” for the Black Sea Grain deal ?
Ans : 1. International cooperation.
2. Strengthen and reform UN
3. Strengthening of the global food supply chain : Cognitive planning, AI- drive analytics advanced track and trace, and blockchain technologies .
