IMF says suspension of Black Sea grain deal could raise grain prices 10-15% ...Middle East

The International Monetary Fund estimated that Russia's exit from a deal allowing Ukrainian exports via the Black Sea could drive global grain prices up by 10-15%, but said it was continuing to assess the situation. IMF chief economist Pierre-Olivier Gourinchas told reporters the Black sea grain deal had been "very instrumental" in ensuring ample supplies of grains could be shipped from Ukraine, easing price pressures on food. Its suspension would likely put upward pressure on prices, he said.

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