IBOV 171,336.99 ▼ 0.52% IPC MEX 71,905.78 ▲ 0.05% MERVAL 2,848,945 — — USD/BRL5.56▼ 0.40% USD/MXN18.67▲ 0.25% USD/CLP982.91▼ 0.13% USD/COP3,293▲ 0.57% USD/PEN3.41▲ 0.04% USD/ARS1,548▲ 0.15% USD/UYU40.43▲ 3.48% USD/PYG6,196▲ 2.20% USD/BOB11.68▲ 1.36% USD/DOP60.81▲ 0.68% USD/CRC445.62▲ 1.58% USD/GTQ7.64▲ 2.97% USD/HNL26.89▲ 0.13% USD/NIO36.62▲ 1.17% USD/VES899.36▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 2.46% USD/TTD6.72▲ 2.30% EUR/BRL6.18▲ 0.09% BRENT 93.01 ▲ 1.66% WTI 87.43 ▲ 1.62% IRON ORE 161.91 — — COPPER 6.29 ▲ 1.05% GOLD 4,046 ▲ 0.39% SILVER 52.73 ▲ 3.18% SOY 1,225 ▲ 0.02% CORN 447.25 ▼ 0.39% WHEAT 594.00 ▲ 0.21% COFFEE 264.35 ▼ 2.60% SUGAR 18.21 ▲ 0.66% ORANGE JUICE 146.15 ▲ 5.64% COTTON 82.59 ▲ 4.96% COCOA 4,948 ▲ 4.34% BEEF 219.15 ▲ 1.36% CATTLE 330.48 ▲ 0.65% LITHIUM 59.98 ▼ 2.23% PETR4 43.98 ▼ 2.16% VALE3 65.17 ▲ 0.57% ITUB4 41.60 ▲ 0.97% BBDC4 14.77 ▲ 1.58% ABEV3 15.84 ▲ 0.32% BBAS3 17.29 ▲ 1.11% B3SA3 14.73 ▲ 1.73% WEGE3 51.19 ▲ 0.47% PRIO3 61.14 ▲ 1.87% SUZB3 54.19 ▼ 0.50% RENT3 30.28 ▲ 1.64% AZZA3 15.02 ▲ 1.97% CSAN3 2.79 ▲ 4.10% RAIZ4 0.30 ▼ 98.77% PCAR3 2.58 ▲ 0.78% GMAT3 3.92 ▲ 2.89% PSSA3 46.26 ▼ 0.88% CVCB3 0.87 ▲ 1.16% POSI3 3.21 ▲ 1.90% SLCE3 17.26 ▲ 0.99% NATU3 5.62 ▲ 1.26% BRKM5 2.97 ▲ 1.71% RANI3 8.48 ▲ 0.36% CSNA3 4.44 ▲ 1.37% IBOV 171,336.99 ▼ 0.52% IPC MEX 71,905.78 ▲ 0.05% MERVAL 2,848,945 — — USD/BRL 5.56 ▼ 0.37% USD/MXN 18.67 ▲ 0.22% USD/CLP 982.30 ▼ 0.20% USD/COP 3,285 ▲ 0.34% USD/PEN 3.41 ▲ 0.02% USD/ARS 1,551 ▲ 0.34% USD/UYU 40.43 ▲ 3.48% USD/PYG 6,196 ▲ 2.20% USD/BOB 11.68 ▲ 1.36% USD/DOP 60.81 ▲ 0.68% USD/CRC 445.62 ▲ 1.58% USD/GTQ 7.64 ▲ 3.18% USD/HNL 26.89 ▲ 0.13% USD/NIO 36.62 ▲ 1.17% USD/VES 899.36 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.46% USD/TTD 6.72 ▲ 2.30% EUR/BRL 6.18 ▲ 0.13% BRENT 93.01 ▲ 1.66% WTI 87.43 ▲ 1.62% IRON ORE 161.91 — — COPPER 6.29 ▲ 1.05% GOLD 4,046 ▲ 0.39% SILVER 52.73 ▲ 3.18% SOY 1,225 ▲ 0.02% CORN 447.25 ▼ 0.39% WHEAT 594.00 ▲ 0.21% COFFEE 264.35 ▼ 2.60% SUGAR 18.21 ▲ 0.66% ORANGE JUICE 146.15 ▲ 5.64% COTTON 82.59 ▲ 4.96% COCOA 4,948 ▲ 4.34% BEEF 219.15 ▲ 1.36% CATTLE 330.48 ▲ 0.65% LITHIUM 59.98 ▼ 2.23% PETR4 43.98 ▼ 2.16% VALE3 65.17 ▲ 0.57% ITUB4 41.60 ▲ 0.97% BBDC4 14.77 ▲ 1.58% ABEV3 15.84 ▲ 0.32% BBAS3 17.29 ▲ 1.11% B3SA3 14.73 ▲ 1.73% WEGE3 51.19 ▲ 0.47% PRIO3 61.14 ▲ 1.87% SUZB3 54.19 ▼ 0.50% RENT3 30.28 ▲ 1.64% AZZA3 15.02 ▲ 1.97% CSAN3 2.79 ▲ 4.10% RAIZ4 0.30 ▼ 98.77% PCAR3 2.58 ▲ 0.78% GMAT3 3.92 ▲ 2.89% PSSA3 46.26 ▼ 0.88% CVCB3 0.87 ▲ 1.16% POSI3 3.21 ▲ 1.90% SLCE3 17.26 ▲ 0.99% NATU3 5.62 ▲ 1.26% BRKM5 2.97 ▲ 1.71% RANI3 8.48 ▲ 0.36% CSNA3 4.44 ▲ 1.37%
since 2009
Wednesday, November 11, 2026

Africa World

African Union’s stance against Russia’s suspension of the Black Sea Grains Initiative amid global food crisis

By · · 2 min read

The African Union (AU) Commission Chairperson, Moussa Faki Mahamat, has expressed concern over Russia’s decision to suspend the Black Sea Grain Initiative, a pact that facilitated grain export from Ukraine.

Amidst heightened global food prices due to the conflict in Ukraine, the decision by Russia, a significant grain exporter, could exacerbate the situation.

The agreement, mediated by the UN and Turkey, was designed to prevent a global food crisis by allowing grain-filled ships from Ukraine to access international markets via Black Sea ports.

Free daily brief — no card needed
Get every Africa story in one morning email
We build you a personalized brief around the topics you follow — free for 7 days. Love it? Your first month after that is US$1.

In the course of a year, the agreement facilitated the export of 32.8 million tons of grains and other foodstuffs across over a thousand sea crossings.

Moussa Faki Mahamat
The African Union (AU) Commission Chairperson, Moussa Faki Mahamat. Image processed by CodeCarvings Piczard ### FREE Community Edition ### on 2020-01-04 12:43:40Z | http://piczard.com | http://codecarvings.comÿÈR¼Ã
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

Russia recently withdrew from the pact, citing the sanctions imposed on it due to the Ukraine conflict as the reason for its inability to honor the agreement.

Africa Intelligence

One email, every weekday morning. African markets, politics and business — filed from our newsroom in Rio.

Yesterday’s subject line: “Polisario orders mobilisation as UN mission lapses”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

Most of these grain exports were destined for high-income countries, which had been a point of criticism from Russia, arguing that the agreement was meant to ease international market prices and alleviate the 2022 food crisis affecting poorer nations.

Mahamat urged a resolution to this situation, emphasizing the need for uninterrupted grain flow, particularly to Africa.

The United Nations World Food Program (WFP), the organization’s largest humanitarian entity, utilized this agreement for 80% of its wheat purchases, which were sent to several African and Middle Eastern nations.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

Part of our ongoing coverage

Africa: The New Scramble — the great-power contest over the continent.

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.