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Reuters
Reuters
Business
By Nigel Hunt and Jonathan Saul

Explainer-Can Ukraine's grain deal ease the global food crisis?

FILE PHOTO: Asl Tia, a cargo vessel carrying Ukrainian grain, transits the Bosphorus, in Istanbul, Turkey November 2, 2022. REUTERS/Umit Bektas/File Photo

A deal to free up vital grain exports from Ukraine's southern Black Sea ports - which had been due to expire on Nov. 19 - was extended on Thursday for 120 days.

The agreement, originally reached in July, created a protected sea transit corridor and was designed to alleviate global food shortages by allowing exports to resume from three ports in Ukraine, a major producer of grains and oilseeds.

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