this post was submitted on 31 Oct 2022
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According to the UN, it has brought down grain prices. I can't speak to the rest of the deal.
Could you cite the specific UN document here, not saying UN hasn't said this, but details are kind of important here.
They have a few PR's, including:
The thing that is out of place is that they seem to be pointing to a steady drop in food prices since the beginning of the invasion (March), as opposed to since the beginning of the Black Sea agreement. My first guess is that the prices are based on futures, so investors are responding to anticipation as opposed to immediately supply constraints.
It's likely that the deal helped investor confidence, but as you note prices were stabilizing before the deal already.