The price of wheat on Monday broke an
"absolute record"
on the European market, closing at 438.25 euros per tonne, after the announcement on Saturday of an embargo by India on its exports of the cereal.
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“This is an absolute record for all maturities combined on Euronext. The previous record dates back to March 7, 2022 with wheat at 422.50 euros per ton at the close,”
Damien Vercambre, broker at Inter-Courtage, told AFP.
