Wheat prices hit record high after Indian export ban

Wheat prices hit record high after Indian export ban

Terra Daily

Published

Paris (AFP) May 16, 2022

Wheat prices surged to a new record high in European trading on Monday after India decided to ban exports of the commodity as a heatwave hit production. The price jumped to 438.25 euros ($456.68) per tonne as the Euronext market closed, breaking the previous closing record of 422.40 struck on March 7, according to trader Damien Vercambre at grains brokerage Inter-Courtage. It had earlie

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