Diplomatic Talks Continue for New Grain Corridor
· GıdaTarım
As Turkey plays a key role in the search for a new grain corridor for shipments, rising freight costs in the Black Sea have pushed international wheat prices to the $270 mark.
Ergin Kahveci reported that Turkey continues to play a key role in delivering Russian and Ukrainian grain to world markets, and that negotiations are ongoing to establish a new grain corridor.
According to data shared by Kahveci, Black Sea freight rates have increased by 50% due to geopolitical developments and logistical disruptions in the region. With this rise in transportation costs, international wheat prices are nearing the $270 per ton mark, and the ongoing talks mediated by Turkey are expected to be decisive for global supply security and price stability.