Wheat Rises More Than 10% This Week in Food Inflation Threat
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Photo By Agrihunt
Wheat headed for a weekly gain of more than 10% on fears that growing threats to the Black Sea grain trade would curb supplies.
Futures edged higher on Friday at the end of a volatile week that saw Russia terminate a deal allowing Ukraine to export grain via some Black Sea ports, and then attack Ukrainian agricultural facilities. Both countries have warned that ships headed to each other’s ports could be considered military targets.
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