Global wheat prices fell Thursday after Ukraine and Russia agreed to extend a deal allowing grain to be exported from Ukrainian ports in the Black Sea
Wheat futures on the Chicago Board of Trade dropped 2% to $6.12 a bushel. Prices have fallen 23% since the start of the year, and 57% since hitting an all-time high of $14.30 a bushel in March last year. “These agreements matter for global food security,” António Guterres, secretary general of the United Nations, told journalists Wednesday. “Ukrainian and Russian products feed the world.
Ukraine and Russia together account for nearly a third of global wheat exports, according to Gro Intelligence, an agricultural data firm. They are also among the top three global exporters of barley, maize, rapeseed oil and sunflower oil. Following its full-scale invasion of Ukraine in February last year, Moscow blockaded crucial grain shipments from the country’s Black Sea ports. That meant that millions of tons of the region’s grain went undelivered to the many countries that rely on it.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Russia's threat to exit Ukraine grain deal adds risk to global food securityThe United Nations is racing to extend a deal that has allowed shipments of Ukrainian grain through the Black Sea to parts of the world struggling with hunger, helping ease a global food crisis exacerbated by the war Russia launched more than a year ago.
Weiterlesen »
Russia agrees to extend Ukraine grain deal in a boost for global food securityTurkish President Recep Tayyip Erdogan says Russia has agreed to extend a deal that has allowed Ukraine to ship grain through the Black Sea to parts of the world struggling with hunger. Erdogan said Wednesday that the deal would be extended for two months. The breakthrough accord brokered by the U.N. and Turkey last summer came with a separate agreement to ease shipments of Russian food and fertilizer that Moscow insists hasn’t been applied. Russia had set a Thursday deadline for its concerns to be ironed out or had threatened to bow out.
Weiterlesen »
Last ship to leave Ukraine as fate of Black Sea grain deal in Russia's handsThe last ship is due to leave a port in Ukraine on Wednesday under a deal allowing the safe Black Sea export of Ukraine grain, said a U.N. spokesperson, a day before Russia could quit the pact over obstacles to its grain and fertilizer exports.
Weiterlesen »
Last ship leaves Ukraine as fate of Black Sea grain deal in Russia's handsThe last ship left a port in Ukraine under a deal allowing the safe Black Sea export of Ukraine grain, a UN spokesperson said, a day before Russia could quit the pact over obstacles to its grain and fertilizer exports
Weiterlesen »
Russia agrees to extend Ukraine grain deal for two months, Erdogan announcesRussian leaders have agreed to extend a deal that allows Ukrainian grain exports to leave through the Black Sea, Turkish President Recep Tayyip Erdogan announced on Wednesday. The United Nations and Turkey first brokered the Black Sea agreement last July.
Weiterlesen »