Food exports from Ukraine and Russia have increased since a July 22 grain deal, but critically needed fertiliser exports from Russia are still down despite being covered by the agreement, with financing and shipping still issues, the United Nations said.
U.N. trade chief Rebeca Grynspan, who leads the team trying to facilitate unimpeded global access to Russian food and fertiliser, said Russia reported a 12% increase in food exports from June to July.
But while there has been “important progress,” the U.N. is concerned about fertiliser exports needed by October and November, the latest for the northern hemisphere planting season, she said.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.