Soaring wheat prices
Bread, cakes and noodles set to cost more
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Bread, cakes, noodles and pasta look set to cost even more as global wheat prices continue to soar.
Yesterday, the price of the staple rose by nearly 6 per cent - the maximum trading amount allowed - after India imposed a ban on exports, worsening already tight supplies.
With war crippling exports from Ukraine and Russia, which together account for one-third of the world's supply, wheat prices have shot up 60 per cent to date this year.
