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Shining Light on Farm & Food Policy for 20 Years.
Thursday, December 19, 2024
Moscow seems intent on letting the Black Sea Grain Initiative expire this coming Monday, but the United Nations is equally resolved to preserve the deal and prevent food prices from rising in some of the poorest nations.
The Russian government says it will continue to allow grain shipments out of the Black Sea. All inspections of grain ships were due to stop on Wednesday because of uncertainty about Russia's plans.
As ships filled with Ukrainian grain leave Odesa ports for the first time in five months, the Ukrainian ag sector is cautiously optimistic that trade will save farmers, and the United Nations is hoping to see food prices drop for the neediest countries.
The number of unfilled grain car orders shot up 231% during the second quarter of this year, according to an American Farm Bureau Federation analysis of government data.
