Wheat has risen sharply in the world after information about Russia’s termination of participation in the grain deal

If prices continue to rise, it could exacerbate global food inflation and exacerbate hunger. Bloomberg writes about it.


For example, Chicago wheat edged up 7.7% to $8.9325 a bushel in early trading on Monday before cutting back to 5.9% by 10:06 am in Singapore. Corn rose in price by 2.8%, and soybean oil – by 3%.

“The world relies on the Black Sea region for over a quarter of its wheat and barley exports, about a fifth of its corn cargo”. 

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