Global grain prices rise as Russia-Ukraine war escalates in Black Sea

Intelligence summary

Global grain prices are rising steeply as Ukraine and Russia intensify attacks upon one another's main export infrastructure on the Black and Azov seas — leaving both countries struggling to find alternative outlets with the harvest in full swing. Russia and Ukraine are both major grain producers, with the bulk of their exports bound for the Global South — particularly the Middle East and Africa — via the Black Sea, through which around a third of the world's supply passes. The obstruction of