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Bloomberg: Wheat prices soar after Russia exits grain deal

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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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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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