The deal on the grain export from the Black Sea ports of Ukraine extended for another 120 days

UkrAgroConsult

The “Initiative for the safe transportation of agricultural products across the Black Sea” has been extended for another 120 days, Oleksandr Kubrakov, the Minister of Infrastructure of Ukraine, announced.

This decision was just taken in Istanbul. The United Nations and Turkey remained guarantors of the Initiative.

Today, Ukrainian agricultural exports remain an effective tool for countering the global food crisis.

Since August 1, when the Grain Initiative began, Ukraine has exported more than 11 million tons of agricultural products to 38 countries around the world. This is a significant amount, but not enough.

The world market cannot replace Ukrainian agricultural products in the near future. At the same time, it is possible to increase the amount of our food for the world.

Ukraine has officially appealed to the partners of the Initiative with a proposal to extend the initiative for at least 1 year and to include the Mykolaiv port in it, and is waiting for their response.

“It is also important to ensure the effective operation of the Joint Coordination Center. They submitted their proposals for solving existing problems. We must use all the available export potential of our ports so that the world quickly receives the necessary amounts of food,” the Ministry of Infrastructure adds.

Tags: grain, Ukraine, export