welcome to the programme. the un secretary general, antonio guterres, has been in kyiv today hoping to shore up a deal struck that was between ukraine and russia in the summer to allow for the export of grain from both countries. the agreement, which was brokered in turkey and is overseen by the un, must be renewed by 18 march, but there s concern, moscow will refuse to renew it. the deal also aimed to facilitate the export of russian food and fertilisers. moscow says those shipments are still being disrupted by us and european sanctions. exports of ukrainian, as well as russian food and fertiliser are essential to global food security and food prices. i want to underscore the critical importance of the rollover of the black sea grain initiative on 18 march, and are working to create the conditions to enable the greatest possible news of export infrastructures through the black sea, in line with the objectives of the initiative. this really matters. ukraine is one of the to
insurance for cargoes and vessels that are moving, and they have to find enough crew prepared to sail them. arnaud petit is the executive director of the international grains council. no better man to speak to than about the implications of all this. how crucial is that to the prices of grain in ourshops? crucial is that to the prices of grain in our shops? crucial is that to the prices of grain in our shops?- grain in our shops? well, it s simle, grain in our shops? well, it s simple. that grain in our shops? well, it s simple, that region - grain in our shops? well, it s i simple, that region represents grain in our shops? well, it s - simple, that region represents 30% of the global trade in grains. you see the importance on the market, it would be very quick, and we saw it in february 2022 when the price of wheat increased tremendously by more than 30%. and since then, it s increased by 24%. it s really vital
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