Commodities
Grain Traders Bank On Renewal of Vital Ukraine Crop Deal
- Talks are ongoing to extend the export pact beyond mid-March
- Wheat has hit lowest in over a year and corn also fell lately
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The crucial grain deal that revived Ukraine’s crop exports and helped bring down global prices is up for renewal again, and the market is betting on another extension.
The current agreement runs through March 18 and can be continued for another 120 days if no side seeks to modify or terminate the pact. The United Nations on Wednesday stressed how critical the deal is, and Kyiv and Moscow have voiced demands with talks underway.