Black Sea Grain Deal Might Depend on Ammonia Pipeline

According to a Reuters report:

• Next month, an extension of the grain deal that ensures the safe wartime export of grains and fertilizers from three Ukrainian Black Sea ports might depend on the reopening of a pipeline that delivers Russian ammonia to one of those Ukrainian ports.
• Moscow said it will limit the number of vessels allowed to travel to Pivdennyi port under the Black Sea deal until the ammonia pipeline is restarted, according to the U.N.
• The United Nations and Turkey created the Black Sea Grain Initiative for an initial 120 days last July to help deal with a global food crisis worsened by Moscow's invasion of Ukraine, one of the world's top grain exporters.
• This grain deal has been extended three times since, most recently until July 17, and more than 31 million tons of predominantly corn and wheat have been exported by Ukraine under the deal.
• The deal also allows for the safe export of ammonia, a key ingredient in nitrate fertilizer, but so far none has been shipped.

Read the full report here.