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Bloomberg: Wheat prices soar after Russia exits grain deal

by The Kyiv Independent news desk October 31, 2022 7:21 AM 1 min read
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Wheat futures surged after Russia exited the UN-backed Black Sea Grain Initiative to allow grain exports from Ukraine's Black Sea ports, Bloomberg reports. If price rises continue, the recent setback in supply caused by Russia pulling out of the deal could add to global food inflation and worsen hunger, Bloomberg wrote.

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