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By Ruth Chayinda
ZAMBIA says the decision by Russian not to renew the Black Sea Grain Initiative – BSGI- agreement will have a serious impact on food security for vulnerable nations.
Russia has refused to sign the Black Sea Grain Initiative agreement due to disputes over its past implementation , a move that potentially blocks Ukraine from exporting approximately 24 million metric tones of grain.
Foreign Affairs and International Cooperation Minister STANLEY KAKUBO says the BSGI agreement has had a direct impact on stabilizing global food prices
He has urged all parties in the BSGI to consider renewing their agreement to boost food security.
Mr. KAKUBO explained that the BSGI has played a pivotal role in averting fluctuations in global food prices, thereby ensuring the stability of domestic food supplies in numerous countries and thus protecting domestic supply in countries like Zambia.
In a statement issued to ZNBC News, Mr. KAKUBO further said for countries that benefit from the BSGI, finding suppliers outside the Black Sea Region will result in higher costs and extended transit times.
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