The grain initiative helps to reduce the price of food in the world

The initiative on the safe transportation of grain and food products seaports of Ukraine contributes to the reduction of world food prices.

The food price index of the Food and Agriculture Organization of the United Nations (Food and Agriculture Organization, FAO) amounted to 138 points in August. This is 2% less than in July, and 13.6% less than in March of this year, when the maximum growth of the index was recorded, the Minister of Infrastructure of Ukraine Oleksandr Kubrakov said.

“Since the beginning of the implementation of the “grain initiative”, almost 5 million tons of agricultural products have already been shipped from the ports of Greater Odessa. Thanks to these volumes, world food prices are not only falling, but also improving the humanitarian situation in those countries where the population is on the verge of starvation, in particular in Ethiopia and Yemen,” Kubrakov added.

In addition, together with the EU and Moldova, Ukraine continues to implement the “Paths of Solidarity” initiative, which provides for the development of alternative logistics routes to sea ports for the export of Ukrainian agricultural products.

“Together with international partners, we are using all available opportunities to minimize the damage to global food security caused by the full-scale invasion of russia,” Oleksandr Kubrakov commented.

As the Ministry of Infrastructure of Ukraine reminded, the FAO food price index illustrates the monthly dynamics of international prices of a basket of food products. In particular, the indicator contains 5 indices: prices for meat, dairy products, grain, vegetable oils and sugar.