• Contact Us
  • About Us
Friday, June 12, 2026
  • 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
ADVERTISEMENT
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

Brotherhood In Action: Dekina Old Boys Set Agenda For School, Members At 2nd AGM, June 12

US Launches New Strikes After Trump Threatens To Attack Iran ‘Very Hard’ 

No One Is Doing NDC Favour, I Chose Not to Run — Dickson Rejects Attacks On Party

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

DOBA Celebrates Nigeria’s Democratic Milestones On June 12, In Lagos
News

Brotherhood In Action: Dekina Old Boys Set Agenda For School, Members At 2nd AGM, June 12

June 11, 2026
US Excludes Nigeria, 17 Other Countries From 2025 Visa Lottery Scheme
News

US Launches New Strikes After Trump Threatens To Attack Iran ‘Very Hard’ 

June 11, 2026
NDC Fixes Presidential Form At N60m Ahead Of 2027 Elections
News

No One Is Doing NDC Favour, I Chose Not to Run — Dickson Rejects Attacks On Party

June 11, 2026
EFCC Bans Sting Operations At Night
News

EFCC Boss Says Some Governorship Aspirants Spent N30bn On Primaries 

June 11, 2026
Next Post

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

2026 World Cup: Full Fixtures, Match Dates, Venues, Kickoff Times

June 11, 2026
Developing World’s ‘Complex’ Debt Could Raise Costs, Stall Restructuring, Lazard Says

Developing World’s ‘Complex’ Debt Could Raise Costs, Stall Restructuring, Lazard Says

June 11, 2026
Intermat 2027 Puts Nigeria, Africa At  Centre Of Global Drive For Sustainable Construction 

Intermat 2027 Puts Nigeria, Africa At  Centre Of Global Drive For Sustainable Construction 

June 11, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

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

© 2022 Metro Business News

Go to mobile version