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Free AccessUN Seeks More Ports For Black Sea Grain Deal, Export Of Russian Ammonia
Reuters reporting on the latest regarding the Black Sea Grain Initiative, the deal that facilitates the export of wheat and other grains from Ukrainian and Russian Black Sea ports that has proved crucial in maintaining supply and restraining spikes in global food prices beyond already-elevated levels. Reuters: "The U.N. has proposed that Kyiv, Moscow and Ankara start preparatory work for the transit of Russian ammonia through Ukraine as it tries to salvage a deal allowing safe Black Sea grain exports"
- Reuters: "...the U.N. wants parallel talks to be held on widening the Black Sea deal that was agreed last July to include more Ukrainian ports and other cargoes, [...] Ukraine and Turkey have agreed to the new proposal, intended to improve operations in the Black Sea grain export corridor, but Russia has not yet responded, the source said.
- Reuters: "Ukrainian officials have said that since mid-April, Russia has "unreasonably restricted" the work of the Black Sea grain deal. Russia has denied this and urged all parties to unblock the transit of ammonia [...] Ukrainian authorities have said workers would need about 30 days to prepare the pipeline to pump ammonia again."
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Why 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.