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Reuters: Aramco's Gulf export outlook
Reports have circulated about a rise in wheat import costs due to higher grain prices in the Black Sea region, as Cairo moves to secure deals with Paris at higher prices to meet its needs. The increase in shipping costs and rising fuel prices are contributing to higher transportation expenses, with container shipping rates reaching their highest levels. Additionally, global markets have seen an increase in the prices of gasoline and fuel, impacting the costs of importing wheat and adding pressure on national budgets.
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