In addition to soybean oil, flour, and sugar, the prices of several commodities, including rice, broiler chicken, and beef, rose after the national election held on 7 January
Russia's withdrawal from a UN-brokered deal to export grains through the Black Sea deepened fears of worsening the situation in the wheat and wheat-based food products market. Although Moscow had stopped short of reimposing a blockade, the price of wheat in the international market has already registered an upward movement. Russia's U-turn has already pushed wheat prices up by