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Russia FM-Grain Deal Being Fulfilled Badly, Extension Not Assured

WHEAT

Russia's state-run RIA Novosti reporting comments from the country's Foreign Ministry stating that the Black Sea grain deal with Ukraine, facilitated by Turkey and the UN, is 'being fulfilled badly', and that 'its extension will depend on its implementation'.

  • Ukraine's Interfax reported yesterday that an additional five ships carrying over 83k of grain had been authorised to leave Ukraine's Black Sea ports by the Joint Coordination Centre (JCC). Three of the ships will deliver grain to Turkey, one to China, and one to Italy.
  • The deal has been in place since July 22. Under the agreement's terms, the Black Sea Grain Initiative must be renewed every 120 days. That means the current deal's terms expire on 19 November 2022.
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EM BulletHomepagemarkets-real-timePolitical Market NewsPolitical RiskCommoditiesPolitical Risk BulletBulletEmerging Market News

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