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Ukraine Grain Deal Renewed, Clearing Way for Continued Exports

A renewal of Ukraine's grain export agreement has been agreed, but the duration is disputed between Ukraine and Russia. Trade flow disruption initially led to food-commodity cost increase.

  • Renewal of Ukraine's grain export agreement from Black Sea ports.
  • Duration of extension unclear, disputed between Ukraine and Russia.
  • Black Sea Grain Initiative contributed to slump in food-commodity costs.
  • Negotiations down to the wire with initial pact valid for 120 days.
  • Teams from Ukraine, Russia, the UN and Turkey inspect each ship to prevent unauthorized cargo or passengers.
Ukraine Grain Deal Renewed, Clearing Way for Continued Exports
A agreement that allows Ukraine to export grains and other crops from key Black Sea ports has been renewed, although uncertainty surrounds the duration of the latest extension.

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