Wheat fell to 529.25 USd/Bu on December 1, 2025, down 0.33% from the previous day. Over the past month, Wheat's price has fallen 2.62%, and is down 1.53% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Wheat - values, historical data, forecasts and news - updated on December of 2025.

Graph and download economic data for Global price of Wheat (PWHEAMTUSDM) from Jan 1990 to Jun 2025 about wheat, World, and price.

This statistic depicts the average annual prices for U.S. wheat (HRW) from 2014 through 2026*. In 2024, the average price for U.S. wheat (HRW) stood at 269 nominal U.S. dollars per metric ton.

The current price of wheat per tonne is influenced by multiple factors including global supply and demand, weather conditions, government policies, and economic factors. This article explores how these factors impact wheat prices and provides insights into the average price range. Learn more about the complex interplay of global and local factors that determine the price of wheat per tonne.

In 2024, the global wheat market decreased by -3.8% to $258.7B, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2024; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $289.4B. From 2023 to 2024, the growth of the global market remained at a somewhat lower figure.

The monthly price of wheat (hard red winter) in the United States reached an all time high in May 2022, at over *** U.S. dollars per metric ton. The unprecedented price increase began in mid-2020, due to the impact of the Covid-19 pandemic, and was later exacerbated by the Russo-Ukrainian War in March 2022. Before the war, Russia and Ukraine were among the world's five largest wheat exporters, and around one third of all international wheat imports came from these two countries. The increase of 96 dollars per ton between February and March 2022 was the single largest price hike in U.S. history, and was only the second time that prices had exceeded 400 dollars - the first time this happened was due to the financial crisis of 2008. In the five years before the Covid-19 pandemic, the price of wheat generally fluctuated between 150 and 230 dollars per ton.

Wheat price in , October, 2025 For that commodity indicator, we provide data from January 1979 to October 2025. The average value during that period was 177.46 USD per metric ton with a minimum of 85.3 USD per metric ton in July 1999 and a maximum of 446.66 USD per metric ton in March 2022. | TheGlobalEconomy.com

Get the latest insights on price movement and trend analysis of Wheat in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The global wheat market is influenced by factors such as supply and demand, weather conditions, government policies, currency exchange rates, and trade regulations. This article discusses the key factors driving wheat prices and the impacts of global supply and demand, government policies, currency exchange rates, and trade regulations on the global wheat market.

Snapshot img

Wheat Market Size 2025-2029

The wheat market size is valued to increase USD 87.6 billion, at a CAGR of 4.6% from 2024 to 2029. Growing vegan population will drive the wheat market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 49% growth during the forecast period.
By Application - Human segment was valued at USD 250.00 billion in 2023
By Type - Hard red winter segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 41.69 billion
Market Future Opportunities: USD 87.60 billion
CAGR from 2024 to 2029 : 4.6%

Market Summary

The market encompasses the production, processing, and distribution of this essential agricultural commodity. Key technologies and applications, such as genetically modified wheat and biofortified wheat, are driving innovation in the sector. The retail sector is witnessing significant growth, with an increasing number of stores offering organic wheat-based supplements catering to health-conscious consumers. Regulatory frameworks, including the European Union's Common Agricultural Policy, play a crucial role in shaping market dynamics. Climate change and unpredictable weather patterns pose challenges, with the United Nations estimating that 10% of global wheat production is at risk due to extreme weather events.
Despite these challenges, the market continues to evolve, with the growing vegan population presenting a significant opportunity for plant-based food and beverage manufacturers. According to a recent report, the organic market is projected to grow at a steady rate, reaching a 5% market share by 2026.

What will be the Size of the Wheat Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Wheat Market Segmented?

The wheat industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Human
  Feed


Type

  Hard red winter
  Hard red spring
  Soft red winter
  Others


Distribution Channel

  Direct sales (B2B)
  Retail stores
  Online platforms


Geography

  North America

    US


  Europe

    France
    Germany
    Russia
    UK


  APAC

    China
    India
    Indonesia
    Pakistan
    South Korea


  Rest of World (ROW)

By Application Insights

The human segment is estimated to witness significant growth during the forecast period.

Wheat, a vital cereal grain, is a significant source of carbohydrates, primarily in the form of starch, for both human consumption and industrial applications. Beyond its carbohydrate content, wheat offers essential nutrients such as protein, vitamins, soluble fiber, and phytochemicals. Consequently, wheat-based foods are widely consumed in various countries and used in industries to produce refined wheat flour, pasta, noodles, beverages, and more. In the agricultural sector, ongoing research focuses on enhancing wheat production through various methods. For instance, plant biomass accumulation is optimized through efficient nitrogen fixation and phosphorus uptake. Fungal biocontrol agents and bacterial biofertilizers are employed to promote soil health and nutrient cycling.

Precision Farming techniques, such as root system architecture analysis and potassium availability monitoring, contribute to crop yield optimization. Additionally, researchers explore the potential of plant growth regulators, microbial inoculants, humic acid fertilizer, and other sustainable agriculture practices to improve yield and grain quality parameters. Disease resistance mechanisms, photosynthetic efficiency, and abiotic stress mitigation strategies are also crucial areas of research to ensure consistent production and maintain high-quality grains. The market is experiencing dynamic growth, with spike density increasing by 15% in recent years. The industry anticipates further expansion, with a projected 20% rise in demand for wheat-based products due to population growth and changing consumer preferences.

Request Free Sample

The Human segment was valued at USD 250.00 billion in 2019 and showed a gradual increase during the forecast period.

Moreover, advancements in technology, such as herbicide tolerance levels and tillering capacity, are driving innovation and improving crop stress tolerance. The ongoing research and development efforts aim to address challenges such as biotic stress management, nutrient use efficiency, and grain filling duration. By focusing on these areas, the industry is working to enhance the harvest index, improve yield, and ensure a sustainable and efficient wheat production process.

Request Free Sample

Regional Analysis

APAC is estimated to contribute 49% to the growth of the global mark

Learn about the factors that influence the price of wheat per kg, including supply and demand, production levels, market conditions, and global trade dynamics. Discover the impact of domestic and international factors, such as production levels, weather conditions, trade policies, and global demand. Understand how market conditions, economic factors, and government policies contribute to price fluctuations. Get insights into the average price of wheat in the United States and the importance of referring to

Wholesale Price: Average: Wheat: All India data was reported at 2,228.850 INR/Quintal in Nov 2018. This records an increase from the previous number of 2,204.920 INR/Quintal for Oct 2018. Wholesale Price: Average: Wheat: All India data is updated monthly, averaging 1,897.060 INR/Quintal from Jan 2009 (Median) to Nov 2018, with 119 observations. The data reached an all-time high of 2,228.850 INR/Quintal in Nov 2018 and a record low of 1,209.330 INR/Quintal in Apr 2009. Wholesale Price: Average: Wheat: All India data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under India Premium Database’s Price – Table IN.PC068: Wholesale Price: Department of Consumer Affairs: Agriculture Commodities: Monthly Average: by Cities: Wheat.

View monthly updates and historical trends for US Hard Red Winder Wheat Price. Source: International Monetary Fund. Track economic data with YCharts analy…

Global Wheat Prices - Historical chart and current data through 2025.

Today, the price of wheat in the commodity market experienced fluctuations, decreasing 0.20% compared to the previous day. Factors such as weather conditions, global supply and demand, government policies, currency exchange rates, and overall economic conditions contribute to these fluctuations. Traders and investors need to stay updated on these factors to better understand and anticipate wheat price movements.

Learn about the factors that impact the volatile price of wheat in the market, including weather conditions, global production levels, government policies, and market speculation. Find out how global trade dynamics, currency exchange rates, and demand from end-users also influence wheat prices. Get real-time updates on wheat market prices from reliable financial news sources or commodity trading platforms.

In the 2024/2025 marketing year, the top consumers of wheat globally were China, India, and the European Union. China consumed about 151 million metric tons of wheat that year. Wheat consumption worldwide is slowly increasing, growing by about eight percent since 2018/2019. Wheat production and trade Not only do they consume the most wheat, but China, the EU, and India are also the leading producers of wheat worldwide. Chine led global production, with about 136.6 million metric tons in 2023/24. Despite being a top producer, China also imports a great deal of wheat. In 2022, China imported about 3.8 billion U.S. dollars’ worth of wheat. Egypt has been one of the leading importer of wheat worldwide for the last several years. Wheat price Prices around the world have risen as of 2022. Many believe that the Russian invasion of Ukraine is to blame for the rising wheat prices and others believe it is the speculation of an impending food crisis that is driving up demand. The price of the most common variety of wheat grown in the U.S., hard red winter wheat, reached an all-time high in May 2022, reaching over 522 dollars per metric ton. Globally, the real household income is expected to decline by about 1.57 percent due to the increased cost of wheat and corn. Some countries will experience a decline of over five percent, showing the real impact that growing prices have on consumers across the world.

The Wheat Market Report is Segmented by Geography (North America, Europe, Asia-Pacific, Middle East, and Africa). The Report Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

Nigeria Commodity Price: Wheat data was reported at 265.550 USD/Metric Ton in Jun 2024. This records a decrease from the previous number of 289.420 USD/Metric Ton for May 2024. Nigeria Commodity Price: Wheat data is updated monthly, averaging 229.570 USD/Metric Ton from Jan 2009 (Median) to Jun 2024, with 186 observations. The data reached an all-time high of 522.290 USD/Metric Ton in May 2022 and a record low of 122.550 USD/Metric Ton in Nov 2016. Nigeria Commodity Price: Wheat data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.P001: Commodity Prices.

Monthly and long-term wheat price data (US¢/bu): historical series and analyst forecasts curated by FocusEconomics.