Major wheat exporters across the world According to respective representatives, Ukraine and Russia perceive good indicators in negotiations that might lead to the restart of Ukrainian Black Sea grain shipments after Wednesday’s meetings in Istanbul.

Russia, Ukraine, Turkey, and the United Nations are set to sign an agreement next week to resume Ukraine’s grain exports, Turkish Defense Minister Hulusi Akar said after the discussions, while U.N. Secretary-General Antonio Guterres was more skeptical.

Ukraine is “definitely a step closer to a result” said Oleksandr Kubrakov, the country’s infrastructure minister, to Reuters on Thursday.

According to Maria Zakharova, Russian Foreign Ministry spokesman, there was a substantial debate on this matter in Istanbul on Thursday.

“It was possible to formulate some elements of a possible agreement which Russia, Ukraine and Turkey are now discussing in their capitals through their military departments,” she added.

Ukraine’s Black Sea ports have been closed since Russia invaded on February 24, driving global grain and sunflower oil prices skyrocketing. Due to the fresh harvest in the Northern Hemisphere, Chicago wheat prices have subsequently plummeted back to pre-war levels.

French wheat prices dropped 2% on Thursday, due in part to efforts to construct a shipping corridor to move Ukrainian grain to global markets, and in part to improving harvest estimates.

The next four-way meeting is tentatively scheduled for July 20 or 21, according to a person acquainted with the matter, according to the Russian RIA news agency on Thursday.

The date of the next meeting is yet unknown, according to the Turkish defense ministry.

Any agreement would need the disposal of mines near Black Sea ports as well as political will, despite the fact that Moscow and Kyiv are far from reaching an agreement. more info

“The information concerning a technical decision to establish a coordination center for Ukrainian grain exports in Istanbul implies that no political decision has yet been made. This is not unexpected “said Bohdan Yaremenko, a legislator from the political party of Ukrainian President Volodymyr Zelenskiy.

The grain discussions are the responsibility of Russia’s military, according to Kremlin spokesperson Dmitry Peskov, who added, “If there is a need to announce results of the negotiations, the military will do so.”

Source: Reuters

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