Possible deal on Ukrainian grain exports

Chamber of Shipping > Blog > News > International > Possible deal on Ukrainian grain exports

Major global wheat exporters Ukraine and Russia see positive signs in discussions which could lead to the resumption of Ukrainian Black Sea grain exports after Wednesday’s talks in Istanbul. It is hoped that Russia, Ukraine, Turkey and the United Nations will sign a deal next week aimed at resuming Ukraine’s grain exports. Ukraine’s Black Sea ports have been blockaded since Russia invaded on Feb. 24, sending global prices of grains and sunflower oil soaring. Chicago wheat prices have since fallen back to pre-war levels due to the new crop in the Northern Hemisphere. French wheat prices also fell by 2% on Thursday, partly on the talks which would establish a shipping corridor to transport Ukrainian grain to global markets, and partly on improved crop forecasts.

Related Posts