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Global wheat prices rise to highest in a year

The US is the biggest wheat exporter, while Russia and Ukraine are expected to rank fifth and sixth in the 2013-14 season

Bloomberg  |  Melbourne 

Wheat rose to the highest in more than a year, as violence in Ukraine spread to the country's main grain export port of Odessa, increasing concerns of supply disruption, and after drought and freezing weather damaged the US crop. Ukraine troops are in heavy fighting in Slovyansk in the country's east, while clashes in Odessa on Sunday left two people injured, Interfax reported. Odessa and four other Black Sea ports handle 87 per cent of Ukrainian grain exports, Morgan Stanley said in March. "The markets should have a firm start to the week as a result of the worsening ...

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First Published: Mon, May 05 2014. 22:12 IST