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Wheat prices reach a three-year high as Russia-Ukraine tensions escalate

RussiaUkraine
First seen: Aug 28, 2026, 2:32 AM UTCUpdated: Aug 28, 2026, 10:32 AM UTC

Wheat prices reportedly reached their highest level in three years as tensions between Russia and Ukraine increased. The development signals potential pressure on agricultural commodity markets.

Higher wheat prices could increase food costs and worsen food-security risks.

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