Nairobi, May 19 -- Kenya has been spared from higher wheat prices after Russia agreed to renew the grain initiative deal that allows the produce from Ukraine to pass along the Black Sea- a major corridor that supplies the commodity to the world market.

Manufacturers have welcomed the UN-brokered deal, which has seen the agreement that was due to expire on Thursday renewed for a further period of two months.

There were fears that the price of wheat would significantly go up after Russia announced early this month that it will not extend the deal until sanctions that have been slapped on Moscow after it invaded Ukraine are lifted.

"This extension of the deal is good news for Kenyans as it has now cleared the uncertainty that was there ov...