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Black Sea Grain Export Deal Extended for Two Months

Posted May 18, 2023
in Top Ag News

The President of Turkey announced Wednesday the Ukraine Black Sea grain deal extension for an additional two months. The announcement came at the eleventh hour, as Russia could have quit the pact due to obstacles to its grain and fertilizer experts. With the deal initially set to expire Thursday, ships have slowed to a halt.

The deal was brokered in July last year to help solve the global food crisis emanating from Russia’s invasion of Ukraine – one of the world’s leading grain exporters. Under the Black Sea deal, around 30.3 million tonnes of grain and foodstuffs have been exported from Ukraine.

Read more on exports out of the Black Sea here.

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