Wheat prices soar as Russia bombs Ukraine's grain stores - BBC News

 

well one thing that's been badly

affecting food prices is the war in

Ukraine and today Global wheat costs

have risen sharply after Russian

missiles hit Ukraine's Black Sea Coast

destroying sixty thousand tons of grain

and damaging storage facilities Moscow

is now pulled out of a deal which had

ensured safe passage of grain shipments

saying it now treats all vessels heading

for Ukrainian ports as potential

military targets a diplomatic

correspondent Paul Adams as the very

latest

Russia is lashing out three nights of

attacks on Ukraine's ports and their

storage facilities

Russia has never been happy about the

grain deal but after the attacks and the

rhetoric is it going up in flames

the deal known as the Black Sea grain

initiative was struck almost exactly a

year ago it allowed Ukrainian

agricultural exports stuck since

Russia's full-scale Invasion to start

moving again ships sailed from three of

Ukraine's Black Sea ports along an

agreed Corridor to a joint coordination

Center in Istanbul where all outgoing

and incoming vessels were inspected in

the years since Ukraine has exported

around 33 million metric tons of corn

wheat and other products to destinations

all over the world including countries

facing acute hunger countries like Sudan

Ethiopia and Afghanistan and here's what

happened to the price of wheat you can

see that it Rose dramatically after

Russia's Invasion last year then when

the grain deal was struck prices started

to fall back but look here when Russia

announced that it was withdrawing from

the deal earlier this week the price

started to rise again sharply

and that could lead to higher food costs

for all of us there are plenty of other

reasons for Global prices to go up and

down but Ukraine is a big producer the

world needs its grain

Vladimir Putin says he won't return to

the deal unless the world meets his

demands

he wants Russia's agricultural Bank

reconnected to the global payment system

and Russia says the deal discriminates

against its own agricultural exports the

West says that's not true

the deal could still be rescued turkey

one of its Architects sounds optimistic

if it can't be saved Ukraine will once

again have to find other ways to get its

grain out but Road and rail are no

substitute for ships this precious

Lifeline is in Jeopardy Paul Adams BBC

News

meanwhile Russia is also imposing new

restrictions on British diplomats

requiring them to give at least five

days notice before going on a journey of

more than 75 miles the announcement came

as Russia's foreign Ministry criticized

the UK for supporting what it called

Ukraine's terrorist actions with our

Russia editor Steve Rosenberg is live in

Moscow for us now so Steve what exactly

are these restrictions and why they're

being imposed

like this is all about making life

difficult for British diplomats what the

Russians are basically saying is okay

British diplomats you want to travel

around Russia that's fine but if you

want to travel more than 75 miles away a

you must Now notify the authorities at

least five working days before and you

must give all the information about your

trip where you're going when you're

going how you're going to get there who

are you going to talk to where you're

going to stay so pretty much everything

now the reason for these restrictions

while the Russia Russia says this is

payback for Britain's hostile actions it

claims that Britain's been causing

problems for Russian diplomats it

accuses Britain of demonizing Russia but

I think what grates most of all with

Russia is the fact that Britain is way

out ahead in terms of its support for

Ukraine uh in especially military

support for Ukraine and you should hear

some of the anti-british rhetoric and

the state media here and from Russia

officials I remember a few weeks ago the

former Russian president Dimitri

Medvedev said that Britain has always

been is now and will always be Russia's

Eternal enemy