IS GRAIN GETTING BACK ON TRACK?

With the continuing war in Ukraine, the UN has extended the Black Sea Grain Initiative in an attempt to get a flow of grain out of the country again

As the war in Ukraine has continued to affect the movement of bulk shipments out of Ukrainian ports, there has been a renewal of the Black Sea Grain Initiative put in place to try and ease the flow of grain out of the country.

That said, the Russian government has said that the agreement may not continue going forward with the Kremlin saying that promises to stop blocks to Russian imports of agricultural products and fertilisers had not materialised.

The agreement allows for the export of food and fertiliser, including ammonia, from three Ukrainian Black Sea ports. While there are no sanctions in place on food and fertilisers, the Russian government has said that problems over insurance and payment procedures are resulting in the initiative being impossible to work in practice.