Unctad seeks renewal of Black Sea Grain Initiative

By Genivi Verdejo

Oct 19, 2022 12:03 am

THE United Nations Conference on Trade and Development (Unctad) said renewing the Black Sea Grain Initiative, ending trade restrictions and facilitating exports will boost trade and logistics and ensure food for all.

Unctad Secretary-General Rebeca Grynspan said the rising trade costs, especially in maritime transport, have contributed to increased food and energy prices that have hit record levels this year.

File photo shows a large international transportation vessel loading for export in seawater. Photo from IMO

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