Prices for Russian wheat with a protein content of 12.5% have fallen to 13,700 rubles per ton in the European part of Russia, reaching the lowest level since August 2024. The main factor affecting prices has been the high yield in remote regions of the country, which has led to an increase in the price of Ukrainian wheat in Hungary.'
The situation in the wheat market in Russia
Wheat prices in the Volga and Central federal districts of Russia have fallen to a minimum due to a large supply from the new harvest. At the same time, demand for grain in these regions remains low, and problems with delivery to ports complicate the situation. Prices in the southern part of the country remain high due to active exports, but the overall trend indicates further price reductions in Russia, especially in remote regions.
Ukrainian wheat on the rise
While prices for Russian wheat are falling, export prices for Ukrainian wheat are rising, making it significantly more expensive than its competitors. This development indicates a shift in market dynamics and new opportunities for Ukrainian producers.