AGL 40.10 Increased By ▲ 0.10 (0.25%)
AIRLINK 130.95 Increased By ▲ 1.42 (1.1%)
BOP 6.85 Increased By ▲ 0.17 (2.54%)
CNERGY 4.60 Decreased By ▼ -0.03 (-0.65%)
DCL 9.00 Increased By ▲ 0.06 (0.67%)
DFML 43.21 Increased By ▲ 1.52 (3.65%)
DGKC 84.05 Increased By ▲ 0.28 (0.33%)
FCCL 33.00 Increased By ▲ 0.23 (0.7%)
FFBL 78.22 Increased By ▲ 2.75 (3.64%)
FFL 11.78 Increased By ▲ 0.31 (2.7%)
HUBC 110.86 Increased By ▲ 0.31 (0.28%)
HUMNL 14.56 No Change ▼ 0.00 (0%)
KEL 5.68 Increased By ▲ 0.29 (5.38%)
KOSM 8.26 Decreased By ▼ -0.14 (-1.67%)
MLCF 39.87 Increased By ▲ 0.08 (0.2%)
NBP 61.11 Increased By ▲ 0.82 (1.36%)
OGDC 200.01 Increased By ▲ 0.35 (0.18%)
PAEL 26.70 Increased By ▲ 0.05 (0.19%)
PIBTL 7.81 Increased By ▲ 0.15 (1.96%)
PPL 160.59 Increased By ▲ 2.67 (1.69%)
PRL 26.85 Increased By ▲ 0.12 (0.45%)
PTC 18.75 Increased By ▲ 0.29 (1.57%)
SEARL 83.53 Increased By ▲ 1.09 (1.32%)
TELE 8.20 Decreased By ▼ -0.11 (-1.32%)
TOMCL 34.48 Decreased By ▼ -0.03 (-0.09%)
TPLP 9.15 Increased By ▲ 0.09 (0.99%)
TREET 17.03 Decreased By ▼ -0.44 (-2.52%)
TRG 59.93 Decreased By ▼ -1.39 (-2.27%)
UNITY 27.93 Increased By ▲ 0.50 (1.82%)
WTL 1.43 Increased By ▲ 0.05 (3.62%)
BR100 10,557 Increased By 150.2 (1.44%)
BR30 31,999 Increased By 285.8 (0.9%)
KSE100 98,528 Increased By 1199.8 (1.23%)
KSE30 30,678 Increased By 485.6 (1.61%)

WASHINGTON: The International Monetary Fund on Wednesday said Russia’s exit from a deal allowing Ukrainian exports via the Black Sea worsens the global food security outlook and risks adding to food inflation, especially for low-income countries.

An IMF spokesperson said the global lender would continue to carefully monitor ongoing developments in the region and their impact on global food insecurity.

Kremlin says Black Sea grain deal has ‘de facto ended’

“The discontinuation of the initiative impacts the food supply to countries that rely heavily on shipments from Ukraine, in particular in North Africa, the Middle East, and South Asia,” the fund said. “It worsens the food security outlook and risks adding to global food inflation, especially for low-income countries.”

Comments

Comments are closed.