More than 11-million tonnes of food products have been shipped since the deal was initially reached in July
A deal to free up vital grain exports from Ukraine’s southern Black Sea ports — which had been due to expire on November 19 — was extended on Thursday for 120 days.
Mykolaiv was Ukraine’s second-largest grain terminal according to 2021 shipment data, so its addition would allow for a much larger volume of grains and oilseeds to be shipped.Russia has previously said its consent to extend the Black Sea grain deal depended on support for its own grain and fertiliser exports. Russia is a major agricultural producer and the world’s largest exporter of wheat.
But prices for wheat-based food staples such as bread and noodles remain well above pre-invasion levels in many developing countries despite the decline in Chicago futures, due to weak local currencies and higher energy prices, which have raised costs such as transport and packaging.Russia and Ukraine accuse each other of planting the many naval mines that now float around the Black Sea.
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