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On the morning of May 16, the price of wheat on Euronext reached EUR 435/ton, breaking the previous record of EUR 422/ton set just four days earlier on May 1
In addition to anti-Russian sanctions, ARTE pointed to unusually high temperatures in India, the world's second-largest wheat producer, as a reason for the rise in wheat pric.
The weather has had an impact on wheat growth in India and forced the government to ban wheat exports to meet domestic dema.
The weather has had an impact on wheat growth in India and forced the government to ban wheat exports to meet domestic dema.
At the same time, it is worth noting that New Delhi is concerned about the reduction of food reserves, which is to prevent famine in the country, because in addition to the current natural anomaly, India's food reserves have also been significantly reduced due to the Covid-19 cris.
On May 14, Indian authorities decided to ban wheat expor.
The decision was taken because of threats to the country's food securi.
The decision was taken because of threats to the country's food securi.
