Saturday, December 3, 2022

Bloomberg: Wheat prices soar after Russia exits grain deal

by The Kyiv Independent news deskOctober 31, 2022 7:21 am

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.

The Kyiv Independent news desk
The Kyiv Independent news desk

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