Category: Wheat

Russian wheat export duty cut to zero: Government reduces wheat export duty from 97.3 rubles/ton to zero for January 14–20, easing costs for exporters. Indicative wheat price edges higher: Wheat reference price rises to $229.2/ton from $228.4/ton, indicating slightly firmer market conditions. Barley and corn remain duty-free: Export duties for barley and corn stay at…

Bearish price move: Ukrainian milling wheat fell UAH 200-400/tonne over December amid weaker demand. Lower domestic demand: Constant power outages at processing plants are curbing wheat purchases. Soft export market: Weak export demand and limited trader activity are pressuring prices. Potential value opportunity: The recent price erosion may attract buyers if values stabilize at current…

Bearish pricing: Ukrainian milling wheat prices in Greater Odessa ports fell USD 6-9/ton in December, ending at USD 208-216/ton CPT (Class 2) and USD 206-214/ton CPT (Class 3). Feed wheat weakness: Feed wheat prices declined by an average USD 9/ton to USD 197-207/ton CPT (port) as buying interest eased toward month-end. Logistics-driven pressure: Military threats,…

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…

Production Surge: Russia’s 2025 net wheat harvest climbs 11% year-on-year to 91.37 million tons, boosting exportable supply. Yield Strength: Average wheat yield rises 17% to 34.4 centners per hectare, underscoring strong agronomic performance. Regional Shift: Stavropol Krai overtakes Krasnodar as top producing region with 8.19 million tons. Bearish Price Signal: Larger Black Sea export availability…

Russia cuts wheat export duty by 10.8% to 97.3 rubles/ton from January 12, down from 109.1 rubles/ton. Barley and corn duties remain at zero, preserving Russia’s competitive edge in global feed grain markets. Indicative wheat price edges up to $228.4/ton from $227.9/ton, signaling steady export demand. Duty changes are short-lived, applying only for January 12–13,…

81% food-grade spring wheat: 135,900 tons of the 2025 Irkutsk Region harvest meets food-industry standards, supported by strong protein and gluten quality. Comprehensive state monitoring: 167,400 tons assessed across 17 districts, with 31,500 tons classified as feed-grade wheat. Export readiness: Quality certification under Russia’s federal export program supports additional milling-quality supply into global markets. Market…

Import Outlook: Pakistan is now expected to avoid wheat imports in 2025/26, reversing the previous FAS forecast of 1.5 million tons. Domestic Support: Government plans to procure 6.2 million tons at a fixed price of about USD 312/ton, underpinning farm incomes and local supply. Global Market Impact: Neutral to bearish for Black Sea wheat exporters…

Sizeable procurement: Algeria’s OAIC booked 500,000–550,000 tons of durum wheat in its December 23 tender for February–March 2026 delivery. Price benchmarks set: Panamax cargoes priced at about $315/ton C&F, with Handymax shipments at a premium of $323–$325/ton C&F. Forward coverage: 13–14 month delivery window signals early strategic stockpiling and concern over future availability or volatility.…

Key Takeaways Volume Secured: Egypt’s Mostakbal Misr booked about 700,000 tons of wheat via private deals. Diverse Origins: Supplies will come from Black Sea exporters (Russia, Ukraine, Bulgaria, Romania) and France. Forward Deliveries: Shipments are scheduled for January–February 2026, supporting strategic reserves. Bullish Signal: Large, early forward buying is supportive for Black Sea export prices.…