WANDILE SIHLOBO: SA stands to gain from extension of Black Sea grain deal
Market players would have preferred a longer time frame, but 120-day extension still means softer wheat prices
22 March 2023 - 05:05
Most observers of the global agricultural market were focusing on the Black Sea at the weekend where UN representatives and the Turkish government engaged with the Russian and Ukrainian governments in an effort to extend the Black Sea grain deal, which has just expired.
Encouragingly, the deal has been extended for another 120 days and will again be reviewed after this period. This initiative started in July 2022 and its primary goal is to allow grain movement from Ukraine to the world market without military attack by the Russians...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.