IKAR in Mass and Industry Media

Rise in Global Wheat Supply Brings Down Russian Wheat Prices

cropgpt.ai

Global Wheat Supply Rising

Recent reports indicate that export prices for Russian wheat fell by the close of last week due to an increase in the global supply of wheat. By the end of the week, the price of a ton of Russian wheat with 12.5% protein content, set for delivery in the latter half of December at Novorossiysk, declined by $3 to total $229, the IKAR agency reports.

Impact of Forecast and Competition

According to Dmitry Rylko, the head of IKAR, the downward shift in price was affected by the United States Department of Agriculture’s forecast and the competitive pricing of Argentine wheat. Meanwhile, SovEcon recorded wheat prices with a 12.5% protein level remaining steady at USD 232-233 per ton FOB by the end of Thursday.

https://cropgpt.ai/rise-in-global-wheat-supply-brings-down-russian-wheat-prices

17.11.25

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