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Residents are leaving Ukrainian cities this morning as humanitarian corridors open.
New humanitarian corridors were agreed by Ukrainian and Russian negotiators in the third round of talks on Monday.Price of wheat is approaching an all-time high as Russia's invasion of Ukraine threatens to cause unprecedented supply shortages of the essential grain.$12.94 a bushel on Monday, capping a 40 percent price increase over the past week, and 70 percent rise this year.
"Assuming the conflict ends before the 2022/23 harvest starts in July, we could still see lower yields impacting output next season. In addition, if the conflict persists, there is the potential that not all areas will be harvested for the upcoming season," ING's Warren PattersonFile photo: Wheat is pictured as a farmer harvests a field on land near Zhovtneve village, in the region of Chernigov, some 220km north of Kiev on August 11, 2009.