Agreement on the export of cereals through the Black Sea is renewed for four months

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20222022Ukrainian grain ships in Istanbul, after leaving through the Black Sea. | Photo: EFE/EPA/ERDEM SAHIN

The agreement allowing the export of Ukrainian cereals from the ports of Ukraine was renewed this Thursday (17) for the next four months, avoiding a bigger food crisis during the winter in the northern hemisphere.

Three of the parties involved – the Turkey, Ukraine and the United Nations – confirmed the continuation of this agreement which also involves Russia. The Black Sea Grains Initiative, which expired on Friday night (61), allowed the export of more than 11 million tons of grain from Ukrainian ports in four months, being about 40% destined for countries under development.

Intense negotiations have taken place in recent weeks to secure the extension of this agreement, while more than 80 millions of tons of cereals are still blocked in Ukraine. These cereals are essential for stabilizing prices on international markets and for supplying populations most vulnerable to the risk of hunger, especially in Africa.