Analysts note that the price of wheat within Russia is currently at its lowest, largely due to pressure on the price of the new harvest.
In recent days, we have seen the price of wheat in Russia fall by approximately 150 rubles per ton.
Currently, this commodity is trading at approximately 13,700 rubles per ton. This price is not only the lowest for 2025 but also the lowest since August 2024, according to experts.
This is a significant negative for producers, as it significantly reduces production profitability. Given the high key interest rate of the Central Bank, when obtaining loans is extremely difficult, the decline in margins is putting particularly strong pressure on businesses, analysts emphasize.
Experts cite the recent, abundant grain harvest as the main reason for this price decline.
It was particularly severe in non-southern regions, as farmers in the southern regions faced a severe drought, which had a severe impact on the final results of the current season. In regions outside the south that have harvested record crops, the decline in wheat prices is particularly noticeable, reaching even lower levels than the national average.
For example, in the Volga Federal District, a ton of wheat currently costs only 11,500 rubles, while in the Central Federal District, it’s around 12,000. This is because central Russia harvested 21 million tons of wheat this year, down from 17 million last season.
Farmers in the Volga Federal District harvested 20 million tons instead of 17 million. Thus, there’s clear evidence of significant pressure from excess supply on prices.
Furthermore, sluggish demand is exacerbating the situation. Logistics for delivering wheat from regions outside the south to Russian seaports are far less efficient than from southern regions, creating significant difficulties for farmers.
Furthermore, river navigation is currently closed altogether in the lead-up to winter, further complicating the process.
As for the southern regions, wheat prices there have not fallen below 15,000 rubles per ton. Experts note that active exports from these regions of the country are helping to prevent grain prices from falling too much.
Overall, wheat exports in November this year could reach approximately 4.6 million tons. This represents a significant increase compared to last November, when 4.1 million tons of wheat were sold.
In total, Russia has sold approximately 17 million tons of wheat to foreign markets since the beginning of the year.
