Global wheat prices hit 14-year high amid Russia-Ukraine conflicts, analysts expect limited impacts on China’s domestic market

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Grain prices in the international market have been surging amid escalating Russia-Ukraine conflicts, with wheat prices hitting the highest level in 14 years.

On March 3, the global benchmark CBOT wheat futures hit limit-up for the second straight session and hit a new high since April 2008. For the week of February 28 - March 3, wheat futures jumped by about 32%.

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