# End of the Black Sea Grain Initiative: Implications for sub-Saharan Africa | IFPRI

> An IFPRI analysis says Russia's July 2023 withdrawal from the Black Sea Grain Initiative raises fears of reduced wheat and other grain exports to developing countries. The deal had enabled Ukraine to export 33 million tonnes of grain, mostly to developing nations. Russia has argued the deal's benefits for Africa were overstated.

- Date: 2023-08-07 · published 2023-08-07T12:00:00.000Z
- Category: geopolitics · region Sub-Saharan Africa · magnitude low
- Page: https://feedsoft.ai/events/14373-end-of-the-black-sea-grain-initiative-implications-for-sub-saharan-africa-ifpri
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Loss of the deal's export flows and its price-stabilising effect could raise wheat import costs for sub-Saharan Africa and support global wheat prices.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-08-01 | [Update from the Office of the UN Coordinator for the Black Sea Grain Initiative](https://feedsoft.ai/events/14376-update-from-the-office-of-the-un-coordinator-for-the-black-sea-grain-initiative.md) | +0.4% | -7.2% |
| WHEAT | 2023-11-14 | [The Black Sea Grain Initiative: What was achieved? Why was it important? \| United Nations](https://feedsoft.ai/events/14347-the-black-sea-grain-initiative-what-was-achieved-why-was-it-important-united.md) | +2.7% | +0.3% |
| WHEAT | 2023-02-27 | [Ukraine seeks changes to the Black Sea Grain Initiative](https://feedsoft.ai/events/14418-ukraine-seeks-changes-to-the-black-sea-grain-initiative.md) | -2.4% | -7.4% |
| WHEAT | 2023-07-01 | [Operational update from the Office of the UN Coordinator for the Black sea Grain Initiative, 15 JULY 2023 \| The United Nations Office at Geneva](https://feedsoft.ai/events/14380-operational-update-from-the-office-of-the-un-coordinator-for-the-black-sea.md) | -9.9% | -6.9% |
| WHEAT | 2022-06-15 | [Unblocking the Black Sea for Ukrainian Grain \| RAND](https://feedsoft.ai/events/14481-unblocking-the-black-sea-for-ukrainian-grain-rand.md) | -2.3% | -13.8% |

## Sources

- ifpri.org: https://www.ifpri.org/blog/end-black-sea-grain-initiative-implications-sub-saharan-africa/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.