Farmers, however, are facing the prospect of another year of drought, climbing fuel and fertiliser costs, and supply chain disruptions from the pandemic.
Major producers also are hamstrung by factors like legal limits on exports and farming patterns, meaning uncertainty for countries like Egypt, Lebanon, Pakistan, Iran, Ethiopia and others that cannot grow enough wheat, barley, corn or other grains to meet their needs.
The International Grains Council in its March report said any extra grain exports from anywhere in the world “will likely only partially offset lower Black Sea shipments over the remainder of the current season”.
The war has raised the spectre of food shortages and political instability in countries that rely on affordable grain imports.