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Friday, July 22, 2022

Ukraine Will Be Allowed To Export Its 22 Million Metric Ton Wheat Crop!

      Some wondrous news this morning. An agreement has been reached to allow Ukraine to export its 22 million metric tons wheat crop. Ships carrying the wheat will proceed through the Black Sea. They will be inspected at Turkey checkpoints to make sure that they are caring only wheat. An unnamed third country will escort the wheat-carrying ships and provide mine sweeping services.

   Elena asked if Ukraine would get the money from the sale of the wheat. The answer appears to be "yes." This will be a big "shot in the arm" moneywise for Ukraine farmers. It will also ease hunger and the potential for starvation in North Africa and the Middle East. I suspect that Russia accepted the deal on the condition that they could export their very large wheat crop without interference from sanctions.

        There is that old saying in English as follows:

       "There's no news like good news!"

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