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Markets rise further as conflicts intensify

Escalating conflict in the Black Sea and Middle East has pushed grain prices higher. Nov-26 UK feed wheat futures closed last night at close to £200.00/t, the highest for some…

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Markets rise further as conflicts intensify

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Escalating conflict in the Black Sea and Middle East has pushed grain prices higher. Nov-26 UK feed wheat futures closed last night at close to £200.00/t, the highest for some time. Ukrainian strikes in the Sea of Azov have curtailed Russian exports, according to the AHDB, this route accounts for 25% of the country’s total. Russia has hit back, targeting Ukrainian port infrastructure. A Ukrainian farmers’ union has estimated this will affect around a third of Ukraine’s grain export capacity. The Middle East conflict shows no sign of easing either. Following repeated US strikes, it was reported yesterday that two…