Russia-Ukraine grain deal extended in win for food prices

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A wartime agreement unblocking grain shipments from Ukraine helped temper rising global food prices and will be extended, according to the United Nations.

Russian Defense Minister Sergei Shoigu and Ukrainian Infrastructure Minister Oleksandr Kubrakov signed separate deals with U.N. Secretary General Antonio Guterres and Turkish Defense Minister Hulusi Akar. The ceremony was witnessed by Turkish President Recep Tayyip Erdogan.

Ukraine and Russia are key global suppliers of wheat, barley, sunflower oil and other food to countries in Africa, the Middle East and parts of Asia where millions of impoverished people lack enough to eat. . A loss of those supplies following Russia’s Feb. 24, invasion of Ukraine had pushed up global food prices and fueled concerns of a hunger crisis in poorer countries.

Cargo ships anchored in the Marmara Sea await to cross the Bosporus Straits in Istanbul, Turkey, Tuesday, Nov. 1, 2022. A ship under the Kerch bridge blocks the passage to the Kerch Strait near Kerch, Crimea, Sunday, Nov. 25, 2018.

 

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