Ukraine agriculture exports best 10 million metric tons because ports reopened below U.N.-backed Black Sea Grain Initiative

Ukraine agriculture exports best 10 million metric tons because ports reopened below U.N.-backed Black Sea Grain Initiative


An aerial view displays ships at the anchorage area of the Bosphorus southern entrance in Istanbul, on October 12, 2022.

Yasin Akgul | AFP | Getty Visuals

UNITED NATIONS – The basic meals stability of tens of millions throughout the world hung by a thread this 7 days as the United Nations, Turkey and Ukraine desperately worked to preserve a deal that has permitted Ukrainian grain to go via the Black Sea.

Before Moscow’s total-scale invasion of its ex-Soviet neighbor, Ukraine and Russia accounted for virtually a quarter of international grain exports, until eventually all those shipments arrived to a intense halt for nearly six months.

The Black Sea Grain Initiative eased Russia’s naval blockade and observed the reopening of three essential Ukrainian ports. The arrangement to build the sea corridor was negotiated by associates from Ukraine, Russia, the U.N. and Turkey in July.

The 1st vessel left Ukraine’s port of Odesa on Aug. 1, carrying additional than 26,000 metric tons of corn. Considering the fact that then, a lot more than 400 ships carrying 10 million metric tons of agricultural merchandise have departed from war-weary Ukraine’s ports.

Previous 7 days, Moscow suspended its participation in the Black Sea Grain Initiative, citing retaliation for what it identified as Kyiv’s “act of terrorism” towards Russian warships. Russia rejoined the humanitarian arrangement on Wednesday — but with the caveat that the Kremlin could decrease to renew the deal, which is established to expire in two months.

U.N. Secretary-General Antonio Guterres welcomed Russia’s selection to rejoin the settlement, which has assisted to handle the mounting foods crisis.

“The initiative is functioning,” Guterres stated, introducing that the signatories of the offer must now work to renew it.

“I’m not optimistic. I am not pessimistic. I am identified. And we will have to all be decided to do whatsoever is necessary in order to make confident that we have the renewal of the Black Sea Grain Initiative,” Guterres explained to reporters at the United Nations in New York.



Source

Australia central bank sees no set path for future rates, following Feb hike
World

Australia central bank sees no set path for future rates, following Feb hike

Australia’s central bank sees inflation staying above its target band in 2026. Brendon Thorne | Bloomberg | Getty Images Australia’s central bank concluded inflation would stay stubbornly high if it had not hiked interest rates as it did this month, and was not yet sure if further tightening would be necessary. Minutes of the Reserve […]

Read More
S&P 500 futures are little changed after back-to-back losing weeks: Live updates
World

S&P 500 futures are little changed after back-to-back losing weeks: Live updates

Traders work on the floor of the New York Stock Exchange (NYSE) on February 13, 2026 in New York City. Spencer Platt | Getty Images S&P 500 futures are near flat Monday night following two straight negative weeks for the benchmark. Futures tied to the broad index added 0.1%, while Nasdaq 100 futures shed 0.2%. […]

Read More
Apple takes on YouTube and Spotify with new video podcasting push
World

Apple takes on YouTube and Spotify with new video podcasting push

Apple Podcasts on App Store displayed on a phone screen is seen in this illustration photo taken in Poland on June 5, 2024. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Apple on Monday announced that it will bring a new integrated video podcast experience to Apple Podcasts this spring. […]

Read More