- Kazakhstan wheat prices firmed as state-owned Food Corporation began direct purchases, lifting offers for all grades.
- Black Sea export flows strengthened with Novorossiysk wheat loadings rising 5.7% week-on-week to 409,000 tonnes.
- Russia expanded export geography as Kemerovo Oblast completed its first-ever 1,200-tonne wheat shipment to Vietnam by rail.
- Overall tone: Neutral to slightly bullish on supported regional prices and sustained seaborne demand.
Kazakhstan Domestic Wheat Market
Kazakhstan’s domestic wheat market saw upward price pressure last week despite muted trading activity. Direct purchases by JSC NC Food Corporation underpinned values across all grades and lifted producer price expectations, even as buyer interest remained more conservative.
| Grade | Price Range | Basis / Terms | Notes |
|---|---|---|---|
| Wheat Grade 3 | up to 80,000 tenge/tonne | Excl. VAT | Buyer indications near 80,000 |
| Wheat Grade 4 | 82,000–83,000 tenge/tonne | EXW | State purchasing lifted offers; buyers around 80,000 |
| Wheat Grade 5 | 72,000–75,000 tenge/tonne | EXW | Fixed offers within stated range |
Food Corporation’s intervention is providing a price floor, supporting farmgate sentiment and limiting downside risks, even as actual deal volume lags behind offer levels.
Black Sea Export & Logistics
Russian export logistics continued to show resilience, with the port of Novorossiysk handling higher wheat volumes week-on-week. Traditional importers in the Middle East and Asia remained active, underscoring robust demand for Black Sea origins.
| Location / Route | Period / Shipment | Volume | Key Destinations / Details |
|---|---|---|---|
| Novorossiysk Port (Russia) | Last reporting week | 409,000 tonnes wheat | Israel 81,200 t; Sri Lanka 77,000 t; Turkey 73,800 t |
| Novorossiysk Port (Russia) | Previous week | 386,900 tonnes wheat | 5.7% week-on-week increase in loadings |
| Kemerovo Oblast → Vietnam | 25 Dec 2025 | 1,200 tonnes wheat | First-ever shipment; moved by rail in containers |
The 5.7% rise in Novorossiysk wheat loadings highlights steady export demand despite seasonal and logistical challenges. Israel, Sri Lanka, and Turkey featured as core buyers, confirming the continued pull from established markets.
New Siberian Export Channel to Vietnam
Russia’s Kemerovo Oblast in Siberia completed its inaugural wheat export to Vietnam on 25 December 2025. The 1,200-tonne food-grade wheat shipment from Promyshlennovsky Municipal District complied with Vietnam’s stringent phytosanitary rules, supported by 46 phytosanitary certificates issued by Rosselkhoznadzor.
Although modest in volume, the containerized rail route opens a new Southeast Asian channel for Siberian producers, diversifying beyond traditional Black Sea ports and potentially easing future congestion at major export terminals.
Market Outlook
Neutral to slightly bullish: State-backed buying in Kazakhstan is underpinning domestic wheat values, while rising Novorossiysk loadings confirm robust external demand. New routes such as the Kemerovo–Vietnam corridor expand Russia’s export flexibility, which may gradually redistribute flows but, in the near term, primarily reinforces a supported price environment for regional wheat markets.
Source: Market Data
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