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المشهد العربي
Grain and oil prices hit three-year highs
The prices of grains and vegetable oils in global markets have experienced an unprecedented increase over the past three years. The Bloomberg Agricultural Commodities Index rose by 1.3%, reaching 399 points, as grain supplies were affected by conflicts in the Middle East and extreme heat threatening crops. Market pressures intensified due to the targeting of Black Sea ports between Russia and Ukraine, which has slowed wheat exports. While wheat prices remained stable on the Chicago Exchange, corn and soybeans saw price increases.
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