Ukraine reaches an agreement with Bulgaria on the process of transporting grain through the port of Varna

Ukraine has reached an agreement with Bulgaria on the process of transporting grain through the port of Varna.

The deal could help continue the flow of Ukrainian wheat to the world after much of it was cut short by the war launched by Russia on February 26.

According to the Ukrainian Ministry of Economy, Ukraine’s grain exports in March were four times below their February levels on April 3, 2022, due to the Russian invasion.

The ministry added that overseas grain shipments in March included 1.1 million tons of corn, 309,000 tons of wheat and 118,000 tons of sunflower oil.

Ukraine was the world’s fourth largest exporter of wheat in the 2020-2021 season, according to data from the International Grain Council, and most of its goods were shipped across the Black Sea.

But as war rages over much of the coast, merchants are forced to transport more grain by rail.

Read More About: Business News