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Analysts have warned about new shocks in the world markets of agricultural cultu...

Return of the Russian Federation to the "Grain Agreement": Turkey negotiates with the Kremlin and sees optimism

Analysts have warned about new shocks in the world markets of agricultural culture and exacerbation of the problem of famine after Russia. The UN Secretary General is so concerned about the problem that it has delayed the participation in the League of Arab States. Ankara is negotiating with Moscow to return to the Grain Agreement, hoping for success. Bloomberg writes about it with reference to informed sources. The vessels serving with grain in Istanbul will be checked on October 30 and 31.

New grain trucks from Ukraine do not go away. One of the Turkish officials announced the continuation of negotiations with Russian representatives on October 31. "There are reasons for optimism that negotiations with the Russian Federation can make progress," the interlocutor said. In a conversation with colleagues, the Turkish Defense Minister Hulusi acar emphasized the importance of this export initiative, in which millions of tons of food were sent since August.

According to the official, any crisis can be solved by goodwill and dialogue. The Turkish Ministry of Defense later confirmed negotiations with the Russian Federation to restore the "grain corridor". The parties were reminded of the importance of continuing this initiative. "The Minister of National Defense (Turkey) Hulusi Akar continues negotiations and coordination, and the relevant authorities continue negotiations and coordination with each other," the Ministry of Ukraine said.

UN Secretary General Anthony Guterrrrze postponed his participation in the Summit of the Arab States in Algeria due to Russia's exit from the Grain Agreement, his official representative Stefan Duzharik said. The UN Secretary General, according to his observations, is concerned about Russia's decision. Bloomberg writes about the risks of closing the "grain corridor". Russia's decisions will lead to new upheavals in the world markets of agricultural crops, will strengthen hunger and food inflation.

"Ukraine is one of the world's largest wheat, corn and oils in the world. The main part of its exports is the sea," the agency said. Former Chief Economist of the US Department of Agriculture Joseph Glauber is convinced that the Grain Agreement has provided starving countries, the necessary amount of grain and other oil crops. According to analysts, Ukraine has shipped about 9. 3 million tons of grain. Corn and wheat prices have decreased compared to the maximums observed this year.

It should be reminded that the Ukrainian authorities have declared a forced stop of grain removal through the exit of the Russian Federation from "grain agreements". The UN noted that the Grain Agreement helped save about 100 million people from poverty. Western media earlier wrote about Russia's theft of Ukrainian grain. One of the investigations into falsification of documents and the use of tricks thanks to which the occupiers have appropriated grains of at least $ 530 million.