According to the latest data, export prices for this type of product are currently on the rise, while domestic prices are still falling.
As of August 15, prices for Russian wheat, which will be delivered abroad in August-September, rose by $5 per ton and amounted to $242 per ton, analysts note.
This can be considered a significant increase even compared to last year, since on August 15, 2024, a ton of Russian wheat cost about $220 per ton.
At the same time, it can be noted that Russian wheat is now quite expensive when compared to the products of other exporting countries that are also present on the world market.
For example, French wheat currently costs about $237 per ton, American — $218, Argentine — $234. At the moment, only wheat from Australia is more expensive than Russian wheat — $255 per ton, and Romania — $243.
Thus, products from the Russian Federation are starting to lose to competitors in terms of cost, which in the long term may affect demand from buyers.
In general, about 1.3 million tons of wheat were exported from Russia in the first half of August. Analysts’ forecast is about 3.2 million tons.
It is worth noting that this is a fairly low figure, since in August last year, the Russian Federation exported more than 5.6 million tons of wheat.
Simultaneously with the rise in price of Russian wheat on world markets, prices for it are falling within the country.
For example, now grade 4 wheat in the southern regions is trading at about 14.5 thousand rubles per ton. Thus, in just a week it has fallen in price by 650 rubles, which is a very noticeable amount.
In Siberia, wheat has decreased in price by 350 rubles per ton and currently costs about 11 thousand rubles. As for the central regions, by August 15, wheat there, on the contrary, has increased in price, but not very significantly: by 150 rubles per ton, to 13.5 thousand rubles.
Thus, we see that on average in the country this product is traded at about 12-13 thousand rubles per ton.
At the same time, the US Department of Agriculture believes that this year the world will harvest about 2 million tons less wheat than in the previous year, and the final value will be about 806 million tons.
Nevertheless, such a slight decrease in production is unlikely to cause an increase in prices on the world market, experts believe.
