Moscow has officially halted its participation in the Black Sea grain export agreement, the Kremlin has said Wheat prices soared on Monday following the announcement of Russia discontinuing its participation in the UN-facilitated arrangement for exporting Ukrainian grain, known as the Black Sea initiative, trading data showed.
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The Chinese Foreign Ministry has said it is ready to mediate an agreement to ensure global food security Beijing hopes that the Black Sea grain agreement will be extended, according to remarks by Chinese foreign ministry spokesperson Mao Ning on Monday, cited by TASS news agency.
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