• Contact Us
  • About Us
Wednesday, February 1, 2023
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
Home News

Cereal Prices To Ease On Landmark Russia-Ukraine Grain Deal, Thumbs Up From African Union 

metro by metro
July 23, 2022
in News
0
0
SHARES
0
VIEWS

The African Union on Saturday hailed a landmark deal between Ukraine and Russia that will allow Kyiv to resume exports of grain through the Black Sea and relieve a global food crisis.

Ukraine’s farms are a major source of grain for the world market, in particular in the Middle East and Africa, where food supplies are critically tight.

Read Also

Banks Will Continue To Accept Old Naira Notes After Deadline – Emefiele 

Again, INEC Extends Deadline For PVC Collection Nationwide

CBN Under Statutory Obligation To Redeem Old Banknotes After January 31-NBA

Cereal prices in the world’s poorest continent have surged because of the slump in exports, sharpening the impact of conflict and climate change and sparking fears of social unrest.

“The Chairperson of the African Union Commission Moussa Faki Mahamat welcomes the signing by Russia and Ukraine of agreements,” a statement said, praising Senegalese leader and AU chair Macky Sall “for having called for the urgent need for the resumption of cereals from Ukraine and Russia to global markets as made to President Vladimir Putin during a joint AU mission to Sochi” in early June.

Ukraine and Russia are two of the world’s largest grain producers.

But Ukrainian mines laid across the Black Sea to avert an amphibious assault, as well as Russian warships, have blocked exports from Ukraine, leaving up to 25 million tonnes of wheat and other grain in danger of rotting in ports and silos.

Sall thanked Turkish President Recep Tayyip Erdogan, who oversaw the signing ceremony in Istanbul on Friday, as well as presidents Putin and Volodymyr Zelensky of Ukraine.

“This was the objective of the mission I led in Sochi on June 3,” Sall tweeted.
ALSO READ:Uncertainty Over Early Resolution Of University Strikes As NASU, SSANU Reject Briggs Committee Report
The International Rescue Committee, which helps people affected by humanitarian crises, also welcomed the accord, saying countries in East Africa relied “on Russia and Ukraine for over 90 percent of their wheat imports”.

“The lifting of these blockades will go some way in easing the extreme hunger that over 18 million people in East Africa are facing, with three million already facing catastrophic hunger conditions,” Shashwat Saraf, IRC’s East Africa emergency director, said. AFP

Previous Post

Uncertainty Over Early Resolution Of University Strikes As NASU, SSANU Reject Briggs Committee Report

Next Post

Revenue Boost Likely As EU Plans To Replace Gas From Russian with Nigeria

Related Posts

CBN
Breaking

Banks Will Continue To Accept Old Naira Notes After Deadline – Emefiele 

January 31, 2023
Again, INEC Extends Deadline For PVC Collection Nationwide
Breaking

Again, INEC Extends Deadline For PVC Collection Nationwide

January 28, 2023
CBN Under Statutory Obligation To Redeem Old Banknotes After January 31-NBA
Breaking

CBN Under Statutory Obligation To Redeem Old Banknotes After January 31-NBA

January 28, 2023
Godwin Emefiele
Breaking

House Of Representatives Speaker Threatens To Issue Warrant Of Arrest On Emefiele

January 26, 2023
Next Post

Revenue Boost Likely As EU Plans To Replace Gas From Russian with Nigeria

Safeguarding democracy: why digital transformation of the electoral process is critical

January 31, 2023
CBN

Banks Will Continue To Accept Old Naira Notes After Deadline – Emefiele 

January 31, 2023
Why Economic Hardship, Political Uncertainty May Linger In 2023-Analysts

Again, Buhari’s Government Drops In Corruption Ranking

January 31, 2023
ADVERTISEMENT
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version