India export ban pushes up wheat prices

India has suddenly and unexpectedly imposed an export ban on wheat, causing wheat prices to rise sharply on Monday, May 16. The futures quote of wheat delivered in September rose by almost €20 in Paris to around €435 per tonne. Indian wheat grabs opportunity Not so long ago, India raised its export expectations by 10 million tonnes. The country saw great opportunities now that export from Ukraine has become virtually impossible due to the Russian invasion. The Russians have blocked the Bl