Wheat prices surged to a record high on Monday after India decided to ban exports of the commodity as a heatwave hit production. The price, which was already high in the wake of Russia's invasion of major wheat exporter Ukraine, jumped to 435 euros ($453) per tonne as the European market opened.
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BREAKING: Wheat prices reach record high
— The Spectator Index (@spectatorindex) May 16, 2022
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