TOKYO -- The Japanese government on Tuesday said it will lower the average price of imported wheat it sells to businesses for the first time in three years, as the global market settles from a surge triggered by the war in Ukraine.
Commodities
Japan to cut imported wheat price for first time in 3 years
Effects on food prices remain uncertain as businesses weigh options
Russia's invasion of Ukraine in February 2022 triggered a surge in wheat prices, given the countries' importance in the global supply of the grain. © Reuters
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