Grain prices dropped Saturday about 5%, their lowest point since the Russian invasion of Ukraine, after the two countries signed a deal reopening Black Sea ports for Ukrainian corn and wheat exports to resume.
The agreement will allow millions of tons of grain, currently trapped by the conflict, to be released into global markets, which witnessed acute shortages that threatened millions with hunger.
Ukraine President Volodymyr Zelensky was quoted as saying that shipping 20 million tons of grain could help prevent what he called a global food catastrophe.
UN Secretary-General Ant?nio Guterres said at the signing ceremony in Istanbul that the agreement on the resumption of Ukrainian grain exports via the Black Sea is “a beacon of hope” in a world that desperately needs it,
Source: Jordan News Agency