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Business Matters: Deal agreed to let grain out of Ukraine

Deal agreed to let grain out of Ukraine

23/07/2022 GMT

BBC World Service - Business Matters, Deal agreed to let grain out of Ukraine

A deal agreed by Ukraine and Russia in Turkey will see grain allowed out of the country.

After Ukraine, Russia and Turkey agree a deal to let food stocks leave the country, it is hoped the high price of grain will fall. But how much difference will it make?

Vivienne Nunis is joined by Rhonda Vonshay Sharpe, President of the Women's Institute for Science, Equity and Race in Virginia, and Sushma Ramachandran, an independent business journalist and columnist for The Tribune newspaper in New Delhi.

Turkey has brokered a deal between Russia and Ukraine to allow grain to leave ports in Ukraine, but not everyone is confident the deal will do enough to help grain stocks reach those who need them the most. Daniil Melnychenko, data analyst at Informall Business Group, analyses cargo in the Black Sea and questions how much difference it will make.

One of Australia's biggest music festivals, Splendour in the Grass, has had to cancel its first day of performances due to bad weather. We hear from ABC reporter Tobi Loftus and a couple of festival-goers.

With a new wildfires in the USA, what does it mean for businesses and the insurance market? Raj Vojjala, head of exposure and vulnerability at risk analysis business RMS in California, gives his view.

(Picture: ZAPORIZHZHIA REGION, UKRAINE - JULY 17, 2022 - A serviceman holds wheat ears during the harvest season, Zaporizhzhia Region, southeastern Ukraine. Credit: Getty Images).

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