Should we fear consequences on labels in France if the Ukrainian cereal agreement is not renewed? “By rebound effect, it can drive up prices to date, which are rather stable, or even down slightly”, answers this Monday Marc Fesneau on BlazeTrends. The Minister of Agriculture “hope that the parties will find an agreement”.
33 million tonnes of cereals exported since the start of the war
“It is under the aegis of the Turks that the negotiations” between Ukraine and Russia “are done”, he recalls. If the Ukrainian grain agreement is extended, “we would be in the third or fourth episode of successful negotiations”, he says. For him, “it is a necessity because it is a responsibility, even for Mr. Putin, to ensure that people in the world can feed themselves”.
“It can have an impact on the Mediterranean market, particularly in the southern Mediterranean basin”, he warns. This agreement has ensured over the past year the safe passage of cargo ships to and from Ukrainian ports, despite the war. It allowed the transport of nearly 33 million tons of grain destined for world markets.