Ukraine war: Ukraine, Russia see positive signs for grain deal; wheat prices ease

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Ukraine war: Ukraine, Russia see positive signs for grain deal; wheat prices ease
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July 14 (Reuters) - 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, their officials said.

Russia, Ukraine, Turkey and the United Nations are due to sign a deal next week aimed at resuming Ukraine’s grain exports, Turkish defence minister Hulusi Akar said after the talks, although U.N. chief Antonio Guterres was a little more cautious.

There has indeed been a substantive discussion on this issue in Istanbul, Maria Zakharova, Russian foreign ministry spokesperson, told reporters on Thursday. 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 pricesFrench wheat pricesalso 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.

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