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<p>Couple of days after Russia suspended its participation in the grain deal that allowed the export of Ukrainian grain, global wheat prices have shot exponentially shot up, rising nearly six per cent.</p>

<p>Reportedly, Chicago wheat futures, the most active wheat contract on the board stood at $8.77 a bushel on Monday at 0816 GMT which was a jump of 5.8 per cent. It previously touched the high of $8.93 before dropping a touch.&nbsp;</p>

<p>The increase in the prices comes in the backdrop of Moscow's decision which has left Kyiv in the lurch.&nbsp;</p>

<p>As reported by WION, on Saturday, Russia's defence ministry in a telegram post informed about the decision to pull out of the Black Sea deal.&nbsp; &nbsp;</p>

<p><a href="https://www.wionews.com/world/russia-suspends-participation-in-ukraine-grain-deal-529460" target="_blank"><strong>Read more: Russia suspends participation in Ukraine grain deal, cites attack on its fleet in Crimea bay as reason</strong></a></p>

<p>"In light of the terrorist act carried out by the Kyiv regime with the participation of British experts against ships of the Black Sea fleet and civilian vessels involved in the security of grain corridors, Russia suspends its participation in the implementation of the agreement on the export of agricultural products from Ukrainian ports," read the statement.&nbsp;</p>

<p><a href="https://www.wionews.com/videos/gravitas-russia-ukraine-discuss-grain-export-crisis-497135"><strong>WATCH |&nbsp;Gravitas: Russia-Ukraine discuss grain export crisis</strong></a></p>

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<p>The immediate effect of the suspension is that millions of tonnes of wheat that was bound for Africa and West Asia has been stranded.&nbsp;</p>

<p>The western world has accused Moscow of using food commodities, after gas as a means to leverage its position in the ongoing conflict. Meanwhile, Kremlin on Monday released a statement and argued it was all down to the security of the corridor.&nbsp;</p>

<p>"In conditions where Russia talks about the impossibility of guaranteeing the safety of navigation in these areas, such deal is hardly feasible. And it takes on a different character, much more risky, dangerous," said Kremlin spokesman Dmitry Peskov.&nbsp;</p>

<p><a href="https://www.wionews.com/world/russia-ukraine-war-live-updates-more-than-50-missiles-target-ukraine-529893" target="_blank"><strong>Read more: Russia-Ukraine war LIVE updates: Ukraine targeted by missiles; grain exports restart</strong></a></p>

<p>Notably, after months of jeopardy, a deal brokered by Turkey and the United Nations in July lifted a Russian naval blockade of Ukraine's Black Sea cities and set terms for millions of tonnes of wheat and other grain to start flowing from Ukraine's filled silos and ports.</p>

<p>However, experts believe that after facing a few setbacks in the war, Putin is willing to choke the supply route and use the situation to his advantage.&nbsp;</p>

<p><em>(With inputs from agencies)</em></p>

<p><strong>WATCH WION LIVE HERE:&nbsp;</strong></p>

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Couple of days after Russia suspended its participation in the grain deal that allowed the export of Ukrainian grain, global wheat prices have shot exponentially shot up, rising nearly six per cent.

Couple of days after Russia suspended its participation in the grain deal that allowed the export of Ukrainian grain, global wheat prices have shot exponentially shot up, rising nearly six per cent. Reportedly, Chicago wheat futures, the most active wheat contract on the board stood at $8.77 a bushel on Monday at 0816 GMT which was a jump of 5.8 per cent. It previously touched the high of $8.93 before dropping a touch. The increase in the prices comes in the backdrop of Moscow's decision which has left Kyiv in the lurch. As reported by WION, on Saturday, Russia's defence ministry in a telegram post informed about the decision to pull out of the Black Sea deal. Read more: Russia suspends participation in Ukraine grain deal, cites attack on its fleet in Crimea bay as reason "In light of the terrorist act carried out by the Kyiv regime with the participation of British experts against ships of the Black Sea fleet and civilian vessels involved in the security of grain corridors, Russia suspends its participation in the implementation of the agreement on the export of agricultural products from Ukrainian ports," read the statement. WATCH | Gravitas: Russia-Ukraine discuss grain export crisis × The immediate effect of the suspension is that millions of tonnes of wheat that was bound for Africa and West Asia has been stranded. The western world has accused Moscow of using food commodities, after gas as a means to leverage its position in the ongoing conflict. Meanwhile, Kremlin on Monday released a statement and argued it was all down to the security of the corridor. "In conditions where Russia talks about the impossibility of guaranteeing the safety of navigation in these areas, such deal is hardly feasible. And it takes on a different character, much more risky, dangerous," said Kremlin spokesman Dmitry Peskov. Read more: Russia-Ukraine war LIVE updates: Ukraine targeted by missiles; grain exports restart Notably, after months of jeopardy, a deal brokered by Turkey and the United Nations in July lifted a Russian naval blockade of Ukraine's Black Sea cities and set terms for millions of tonnes of wheat and other grain to start flowing from Ukraine's filled silos and ports. However, experts believe that after facing a few setbacks in the war, Putin is willing to choke the supply route and use the situation to his advantage. (With inputs from agencies) WATCH WION LIVE HERE:

Wheat prices climb nearly six percent after Russia pulls out of Black Sea deal

<p>Turkey&nbsp;said the first shipment of grain had left the Odessa port as Ukraine said it was a 'relief for the world'.</p>

<p>President Recep Tayyip Erdoğan’s government had helped to broker the grain deal between Russia and Ukraine after months of wrangling with&nbsp;wheat and other gain products being stranded in Ukraine's Black Sea port due to the war.</p>

<p><a href="https://www.wionews.com/world/ukraines-grain-tycoon-killed-in-russian-missile-attack-502417">Also Read:&nbsp;Ukraine’s grain tycoon killed in Russian missile attack</a></p>

<p>Turkey&nbsp;said a ship left Odessa for Lebanon and will reach Istanbul on Tuesday. According to Ukraine authorities, the ship is carrying 26,000 tonnes of corn. United Nations chief Antonio Guterres who was present during the grain deal welcomed the move while hoping that it would be the "first of many commercial ships" to help the world recover from the global food security crisis.</p>

<p><strong>Watch:&nbsp;Russia pounds Ukraine's Mykolaiv</strong></p>

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<p>Ukraine had said 20 thousand tonnes of grain worth $10 billion was piled up in Black Sea ports amid Russia's blockade of the sea. Ukraine President Volodymyr Zelensky had put the onus on the UN to ensure grain safety as Russia hit the Odessa port with a missile after concluding the deal angering Kyiv.</p>

<p>Ukraine had said the grain would be uploaded on several ships as President Zelensky himself oversaw the operations.</p>

<p>Russia has continued to target Ukrainian cities despite the grain deal with heavy bombing reported in Kherson and other areas in the east and south. Ukraine's President over the weekend had urged civilians to leave the Donetsk region as Russian forces made gains in the area.</p>

<p>(With inputs from Agencies)</p>

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Turkey said the first shipment of grain had left the Odessa port as Ukraine said it was a 'relief for the world'. President Recep Tayyip Erdoğan’s government had helped to broker the grain deal between Russia and Ukraine after months of wrangling with wheat and other gain products being stranded in Ukraine's Black Sea port due to the war.

Turkey said the first shipment of grain had left the Odessa port as Ukraine said it was a 'relief for the world'. President Recep Tayyip Erdoğan’s government had helped to broker the grain deal between Russia and Ukraine after months of wrangling with wheat and other gain products being stranded in Ukraine's Black Sea port due to the war. Also Read: Ukraine’s grain tycoon killed in Russian missile attack Turkey said a ship left Odessa for Lebanon and will reach Istanbul on Tuesday. According to Ukraine authorities, the ship is carrying 26,000 tonnes of corn. United Nations chief Antonio Guterres who was present during the grain deal welcomed the move while hoping that it would be the "first of many commercial ships" to help the world recover from the global food security crisis. Watch: Russia pounds Ukraine's Mykolaiv Ukraine had said 20 thousand tonnes of grain worth $10 billion was piled up in Black Sea ports amid Russia's blockade of the sea. Ukraine President Volodymyr Zelensky had put the onus on the UN to ensure grain safety as Russia hit the Odessa port with a missile after concluding the deal angering Kyiv. Ukraine had said the grain would be uploaded on several ships as President Zelensky himself oversaw the operations. Russia has continued to target Ukrainian cities despite the grain deal with heavy bombing reported in Kherson and other areas in the east and south. Ukraine's President over the weekend had urged civilians to leave the Donetsk region as Russian forces made gains in the area. (With inputs from Agencies) WATCH WION LIVE HERE

First Ukraine grain ship departs Odessa port

<p>Reports claim drought and heatwave in Europe could reduce crop yield in Europe this year as the war in Ukraine continues to stress food supplies.</p>

<p>The JRC Mars bulletin which monitors crop production in Europe in its latest report said yield forecasts for grain maize, sunflowers and soybeans were "markedly reduced"&nbsp;due to extremely hot and dry conditions in several regions of Europe with summer crops being affected.&nbsp;&nbsp;&nbsp;</p>

<p>Last month the JRC Mars bulletin crop monitoring in Europe said yield of&nbsp;soft wheat, durum wheat and winter barley are currently below the five-year average with maize, rapeseed and sunflower also at a low but just above the five-year average.</p>

<p><a href="https://www.wionews.com/world/russia-claims-power-station-captured-in-ukraine-amid-movement-in-grain-exports-501311">Also Read:&nbsp;Russia claims power station captured in Ukraine amid movement in grain exports</a></p>

<p>The publication said the reduced yield was due to "drier-than-usual conditions in large parts of Europe" with the Baltic sea region affected by "persistently colder-than-usual weather". The report noted that the sowing of rice was accomplished without major constraints however it was in an area which was nearly seven per cent smaller than last year due to the unavailability of water.</p>

<p>The Mars bulletin said durum wheat has been revised sharply downwards with almost five per cent below EU levels and soft wheat revised downward in 13 of the 25 EU wheat-producing countries mostly in Hungary, Romania, Poland, and France.</p>

<p><strong>Watch:&nbsp;Ukraine to begin grain shipments from Black Sea Port</strong></p>

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<p>The report comes as Ukraine recently concluded a deal with Russia on the export of wheat and another gain from the Black Sea ports. Ukraine said at least 25 million tonnes of grain worth $10 billion is locked up in Black Sea port ever since President Vladimir Putin announced the "special military operation" against Ukraine.&nbsp;</p>

<p>Ukraine said there was movement in grain transportation since the agreement was inked however a missile attack on the Black Sea port put the deal in doubt as the US criticised the attack.</p>

<p>(With inputs from Agencies)</p>

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Reports claim drought and heatwave in Europe could reduce crop yield in Europe this year as the war in Ukraine continues to stress food supplies. The JRC Mars bulletin which monitors crop production in Europe in its latest report said yield forecasts for grain maize, sunflowers and soybeans were "markedly reduced" due to extremely hot and dry conditions in several regions of Europe with summer crops being affected.

Reports claim drought and heatwave in Europe could reduce crop yield in Europe this year as the war in Ukraine continues to stress food supplies. The JRC Mars bulletin which monitors crop production in Europe in its latest report said yield forecasts for grain maize, sunflowers and soybeans were "markedly reduced" due to extremely hot and dry conditions in several regions of Europe with summer crops being affected. Last month the JRC Mars bulletin crop monitoring in Europe said yield of soft wheat, durum wheat and winter barley are currently below the five-year average with maize, rapeseed and sunflower also at a low but just above the five-year average. Also Read: Russia claims power station captured in Ukraine amid movement in grain exports The publication said the reduced yield was due to "drier-than-usual conditions in large parts of Europe" with the Baltic sea region affected by "persistently colder-than-usual weather". The report noted that the sowing of rice was accomplished without major constraints however it was in an area which was nearly seven per cent smaller than last year due to the unavailability of water. The Mars bulletin said durum wheat has been revised sharply downwards with almost five per cent below EU levels and soft wheat revised downward in 13 of the 25 EU wheat-producing countries mostly in Hungary, Romania, Poland, and France. Watch: Ukraine to begin grain shipments from Black Sea Port The report comes as Ukraine recently concluded a deal with Russia on the export of wheat and another gain from the Black Sea ports. Ukraine said at least 25 million tonnes of grain worth $10 billion is locked up in Black Sea port ever since President Vladimir Putin announced the "special military operation" against Ukraine. Ukraine said there was movement in grain transportation since the agreement was inked however a missile attack on the Black Sea port put the deal in doubt as the US criticised the attack. (With inputs from Agencies) WATCH WION LIVE HERE ×

Crop yield in Europe set to decline due to heatwave and drought as Ukraine war continues

<p>As the US urged Russia to allow Ukrainian grain out quickly into the international market, officials signalled China to provide more grain to poor countries.</p>

<p>"We would like to see it act like the great power that it is and provide more grain to the poor people around the world," James O'Brien, head of the US State Department's Office of Sanctions Coordination, said.</p>

<p><a href="https://www.wionews.com/world/ukraine-has-around-10-bln-worth-of-grain-available-for-sale-says-zelensky-499897">Also Read:&nbsp;Ukraine has around $10bn worth of grain available for sale, says Zelensky</a></p>

<p>James O'Brien said: "China has been a very active buyer of grain and it is stockpiling grain at a time when hundreds of millions of people are entering the catastrophic phase of food insecurity."</p>

<p>The US official asserted that the Biden administration wants China to provide its grain stockpile to the World Food Programme (WFP) and other agencies.&nbsp;</p>

<p><strong>Watch:&nbsp;Ukraine, Russia sign grain deal: Deal to ease global food crisis?</strong></p>

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<p>O'Brien informed that 40 per cent of grain shipment from Ukraine in April has gone to China, calling it "awkward" while adding that "it would have been much better to see that grain going to Egypt, in the Horn of Africa and other places."</p>

<p>The development comes as Ukraine and Russia on Friday inked a deal in Istanbul to allow Ukrainian grain shipment which has been stuck since the Russian invasion in February. Reports claim over 25 million tonnes of wheat and other grain is piled up at Ukrainian ports, ready to be exported.</p>

<p>Russia said it will implement the deal over the next few days even as the US said it was "clear-eyed" stating that it is "hopeful that this is going to make a difference".</p>

<p>President Volodymyr Zelensky meanwhile said he "trusted" the United Nations to guarantee the deal. The Ukrainian president said the value of Ukraine's grain stock stood at $10 billion.</p>

<p>(With inputs from Agencies)</p>

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As the US urged Russia to allow Ukrainian grain out quickly into the international market, officials signalled China to provide more grain to poor countries. "We would like to see it act like the great power that it is and provide more grain to the poor people around the world," James O'Brien, head of the US State Department's Office of Sanctions Coordination, said.

As the US urged Russia to allow Ukrainian grain out quickly into the international market, officials signalled China to provide more grain to poor countries. "We would like to see it act like the great power that it is and provide more grain to the poor people around the world," James O'Brien, head of the US State Department's Office of Sanctions Coordination, said. Also Read: Ukraine has around $10bn worth of grain available for sale, says Zelensky James O'Brien said: "China has been a very active buyer of grain and it is stockpiling grain at a time when hundreds of millions of people are entering the catastrophic phase of food insecurity." The US official asserted that the Biden administration wants China to provide its grain stockpile to the World Food Programme (WFP) and other agencies. Watch: Ukraine, Russia sign grain deal: Deal to ease global food crisis? O'Brien informed that 40 per cent of grain shipment from Ukraine in April has gone to China, calling it "awkward" while adding that "it would have been much better to see that grain going to Egypt, in the Horn of Africa and other places." The development comes as Ukraine and Russia on Friday inked a deal in Istanbul to allow Ukrainian grain shipment which has been stuck since the Russian invasion in February. Reports claim over 25 million tonnes of wheat and other grain is piled up at Ukrainian ports, ready to be exported. Russia said it will implement the deal over the next few days even as the US said it was "clear-eyed" stating that it is "hopeful that this is going to make a difference". President Volodymyr Zelensky meanwhile said he "trusted" the United Nations to guarantee the deal. The Ukrainian president said the value of Ukraine's grain stock stood at $10 billion. (With inputs from Agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

China stockpiling grain when millions of people are facing food insecurity, says US

<p>As foodgrain continues to remain blocked in the Black Sea port due to the Ukraine war, President Volodymyr Zelensky declared that "Africa is actually a hostage".</p>

<p>"This war may seem very distant to you and your countries. But the food prices that are catastrophically rising have already brought (the war) to the homes of millions of African families," the Ukraine president told the African Union.</p>

<p>Zelensky asserted that the "unjust level of food prices" was caused due to the Russian war which was being "painfully felt on all continents. Unfortunately, this can be a particular problem for your countries."&nbsp;</p>

<p><a href="wionews.com/world/network-holding-45bn-assets-linked-to-vladimir-putin-uncovered-report-490029">Also Read:&nbsp;'Network' holding $4.5bn assets linked to Vladimir Putin uncovered</a></p>

<p>The Ukraine president claimed 25 million tonnes of foodgrain was being blocked by Russia as he informed that "complex, multilevel negotiations" were underway with Russian authorities to lift the blockade of Ukrainian ports but he conceded that no progress has been made so far.</p>

<p>"Food crisis in the world will continue as long as this colonial war continues," Zelensky told the African countries.</p>

<p><strong>Watch:&nbsp;World marks refugee day amid Ukraine war</strong></p>

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<p>Russia has blockaded the Black Sea port since February when President Putin declared a "special military operation" against Ukraine with&nbsp;several Russian warships reportedly deployed in the area.</p>

<p>Meanwhile, Russia said "the possibility of famine" was the "fault of Western regimes". The Russian foreign ministry blamed the Western nations for "systematic mistakes" in its agricultural policy while saying that it had created "short-sighted" financial and monetary mechanisms amid the pandemic.</p>

<p>The foreign ministry said it is "impossible" to isolate Russia, while adding, "what is possible is for the West to isolate itself. If they isolated anybody, they isolated themselves from us. It is the absolute truth." &nbsp;</p>

<p>(With inputs from Agencies)</p>

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As foodgrain continues to remain blocked in the Black Sea port due to the Ukraine war, President Volodymyr Zelensky declared that "Africa is actually a hostage".

As foodgrain continues to remain blocked in the Black Sea port due to the Ukraine war, President Volodymyr Zelensky declared that "Africa is actually a hostage". "This war may seem very distant to you and your countries. But the food prices that are catastrophically rising have already brought (the war) to the homes of millions of African families," the Ukraine president told the African Union. Zelensky asserted that the "unjust level of food prices" was caused due to the Russian war which was being "painfully felt on all continents. Unfortunately, this can be a particular problem for your countries." Also Read: 'Network' holding $4.5bn assets linked to Vladimir Putin uncovered The Ukraine president claimed 25 million tonnes of foodgrain was being blocked by Russia as he informed that "complex, multilevel negotiations" were underway with Russian authorities to lift the blockade of Ukrainian ports but he conceded that no progress has been made so far. "Food crisis in the world will continue as long as this colonial war continues," Zelensky told the African countries. Watch: World marks refugee day amid Ukraine war Russia has blockaded the Black Sea port since February when President Putin declared a "special military operation" against Ukraine with several Russian warships reportedly deployed in the area. Meanwhile, Russia said "the possibility of famine" was the "fault of Western regimes". The Russian foreign ministry blamed the Western nations for "systematic mistakes" in its agricultural policy while saying that it had created "short-sighted" financial and monetary mechanisms amid the pandemic. The foreign ministry said it is "impossible" to isolate Russia, while adding, "what is possible is for the West to isolate itself. If they isolated anybody, they isolated themselves from us. It is the absolute truth." (With inputs from Agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

'Africa is actually a hostage': Zelensky blames food crisis on Russia