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National

Wheat Prices Hit Record High After India Export Ban

May 16, 2022

Agencies

Paris, May 16:

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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