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Question
Approximately what share of global wheat exports did Russia and Ukraine together account for at the time of the 2022 invasion, and what was the price impact?
1
About 40%, and wheat prices roughly doubled within weeks of the invasion
2
About 10%, causing a modest 5-10% price increase before markets found alternative supplies
3
About 25%, and global wheat prices rose by more than 50% in the months following the invasion before partially reversing
4
About 15%, causing a significant disruption in North African markets but limited global price impact
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