Wheat Prices Hit Record High After India Export Ban

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.

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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