© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: ECB Needs More Than Two Rate Hikes - IMF Official

MNI China Daily Summary: Friday, May 26

(RPT)MNI: US Fiscal Trajectory Deviating From AAA peers-Fitch

Consumer Confidence Edges Down, Adds to Plateauing EZ Sentiment

MNI: ITALY MAY CONSUMER CONFIDENCE 105.1

MNI: ITALY MAY BUSINESS CONFIDENCE 108.7

(RPT)MNI INTERVIEW: Fed Needs Better QE Guardrails-Fed Adviser

MNI: Canada Resilient To US Debt Ceiling Clash- Freeland

MNI BRIEF: BOC Defends 2% Target, Senate Asks About Raising It

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Turkish Officials-Parties Nearing Agreement On Grain Deal

WHEAT
EM BulletHomepagemarkets-real-timePolitical RiskCommoditiesPolitical Risk BulletBulletEmerging Markets NewsPolitical Market News

Wires reporting comments from unnamed Turkish officials claiming that the parties involved in the Black Sea Grain Initiative (Russia and Ukraine) are nearing an agreement that would see the Initiative extended beyond 18 May. Turkey and the UN are working as the brokers of the deal, with the Joint Coordination Centre (JCC) for the Initiative based in Istanbul.

  • Russia has raised the prospect of pulling its participation in the deal - that sees exports of grain and fertiliser from Russian and Ukrainian Black Sea ports coordinated to avoid conflict - due to complaints about the closure of a fertiliser pipeline from Russia to a Ukrainian port.
  • The extension of the deal is seen as critical for a number of North African and Middle Eastern nations that rely heavily on cheap Russian and Ukrainian grain, with a risk of shortages, massive spikes in inflation, and even social unrest in these nations if the Initiative fails and shipments dry up.
157 words

To read the full story

Why Subscribe to

MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Wires reporting comments from unnamed Turkish officials claiming that the parties involved in the Black Sea Grain Initiative (Russia and Ukraine) are nearing an agreement that would see the Initiative extended beyond 18 May. Turkey and the UN are working as the brokers of the deal, with the Joint Coordination Centre (JCC) for the Initiative based in Istanbul.

  • Russia has raised the prospect of pulling its participation in the deal - that sees exports of grain and fertiliser from Russian and Ukrainian Black Sea ports coordinated to avoid conflict - due to complaints about the closure of a fertiliser pipeline from Russia to a Ukrainian port.
  • The extension of the deal is seen as critical for a number of North African and Middle Eastern nations that rely heavily on cheap Russian and Ukrainian grain, with a risk of shortages, massive spikes in inflation, and even social unrest in these nations if the Initiative fails and shipments dry up.