At the Chicago Board of Trade, for the first time since December 2012, the market value of wheat exceeded $ 8.
Experts attribute the increase in wheat prices to unfavorable weather conditions and rising fertilizer prices.
March wheat futures rose to $ 8.08 a bushel as a result of trading on the Chicago Board of Trade.
The Bloomberg edition notes that the price of wheat has been rising steadily for the sixth month in a row, while in October alone, it rose by 6.5%.
The agency also believes that rising prices for wheat could lead to higher prices for other food products worldwide.
