Russia and Turkey agree to extend Black Sea grain deal by 60 days.

Russia has agreed to extend the Ukraine grain export deal for another 60 days, but only if there is "tangible progress" on a parallel agreement on Russian exports. The Black Sea Grain Initiative has helped ease the global food crisis triggered by Russia's invasion of Ukraine in 2014. The initial 120-day agreement was extended once in November and was due to expire on March 18. Nearly half of the exports shipped under the BSGI deal are corn and more than a quarter are wheat.