The rise in wheat prices came after a wave of deals in the export market.
Analysts said the wheat market is rising to new levels amid strong global demand. Prices on the Chicago Mercantile Exchange recorded their highest level since January 2013, while prices on the Paris Euronext Stock Exchange rose to the highest level in 13 and a half years..
A poor spring wheat harvest and export duties imposed by Russia have boosted expectations of a relatively tight supply this season.
Analysts said that Russian wheat export prices continued to rise last week after rising over the past four months.
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