As ships filled with Ukrainian grain leave Odesa ports for the first time in five months, the Ukrainian ag sector is cautiously optimistic that trade will save farmers, and the United Nations is hoping to see food prices drop for the neediest countries.
The success or failure of the Istanbul agreement to allow Ukrainian grain exports from Odesa ports is in Russia's hands, and the stakes are high as food insecurity continues to rise in the neediest parts of the world, Biden administration officials and lawmakers said at a House Foreign Affairs Committee hearing Wednesday.
The Association of Equipment Manufacturers, which represents John Deere and other ag equipment firms, is throwing its support behind an effort to pour federal money into rebuilding the U.S. semiconductor industry.
Stevedores at Odesa ports are loading ocean-going vessels with grain as Ukraine prepares to ramp up exports well beyond the comparatively meager amounts it’s been able to ship since Russia invaded five months ago.
Ukrainian ports in Odesa will begin exporting grain despite the recent Russian missile attack that threatened to skuttle a deal to allow trade to resume, according to Ukraine President Volodymyr Zelenskyy.
A deal struck Friday to allow Ukraine to resume shipping grain through its primary Black Sea ports has been thrown in question after Russian missiles hit a grain silo and other infrastructure at a major port in Odesa, according to U.S., Ukrainian and Turkish officials.