Prices fall as Ukraine and Russia agree food crisis deal

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Turkey says it’s brokered a deal with Russia to unblock exports of grain from Ukraine through the Black Sea.
The agreement is due to be signed in Istanbul this afternoon by Ukraine, Russia, Turkey and the UN secretary general
Russian and Ukrainian teams have arrived in Istanbul to sign the deal.

Ukraine rules out signing a direct deal with Russia – instead both countries will sign “misrror” deals.

The price of wheat fell on global markets, after news of the deal emerged. Ukraine is one of the world’s largest grain producers and Russia has been blockading its major Black Sea ports. The world shortage of Ukrainian grain has sent food prices soaring and left millions at risk of hunger.