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Corn prices rising more than 30%


(CNN) -- The price of corn is popping!

Corn prices are up more than 30-percent, the highest prices in nearly eight years.

It means you may soon have to fork over more money to make some of your favorite corn-based dishes, like tortillas, cornbread and other products.

Retailers are expected to absorb the initial increase, but consumers may notice the rise in prices later this summer.

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