This statistic depicts the average annual prices for U.S. wheat (HRW) from 2014 through 2026*. In 2023, the average price for U.S. wheat (HRW) stood at 340 nominal U.S. dollars per metric ton.

Wheat decreased 17.24 USd/BU or 3.13% since the beginning of 2025, 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 March of 2025.

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.

The monthly price of wheat (hard red winter) in the United States reached an all time high in May 2022, at over 520 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.

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

In June 2022, the wheat price per ton stood at $449 per ton in June 2022, surging by 4.4% against the previous month.

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.

In July 2022, the durum wheat price per ton stood at $483, which is down by -11.8% against the previous month.

This statistic shows the average price per tonne of wheat in the United Kingdom (UK) between 2002 and 2015 by year, according to published agricultural and commodity price figures. In 2012, the price of wheat was 179.26 British Pound Sterling (GBP) per tonne.

Explore the fluctuating dynamics of wheat prices in 2023, driven by climate change, geopolitical tensions in Ukraine and Russia, global demand, currency fluctuations, and trade policies. Understand how these factors impact wheat supply and prices, affecting countries worldwide.

This statistic shows the annual price per ton of wheat in Scotland from 2003 to 2017. The price per ton of wheat has fluctuated over this period of time, peaking at 180.43 million British pounds in 2012.

This statistic shows the average annual output price of wheat in the United Kingdom from 2003 to 2021. Over the period, total output prices have generally risen, reaching a peak in 2013, with a price index of 151.1. In 2022, the output price index reached a new high, amounting to 227.2 points.

In August 2022, the wheat price per ton stood at $409.0 (FOB, US), reducing by -4.5% against the previous month.

Over the reported period, the average monthly producer price of durum wheat in Italy exhibited some fluctuations, but it declined overall. In November 2023, the average price of this type of wheat amounted to 331.9 euros per ton, peaking then in January 2024 at close to 333 euros per ton. By December 2024, the average price of durum wheat in Italy had declined to 298.2 euros per ton

Learn about the various factors that influence the price per ton of wheat, including supply and demand, crop yield, weather conditions, market trends, and government policies. Understand how these factors can cause significant price fluctuations over time and across different regions, and discover the importance of monitoring and analyzing them for informed decision-making in the wheat market.

The monthly average price for normal wheat in Egypt amounted to 22.05 Egyptian pounds (0.71 U.S. dollars) per kilogram as of May 2023. During the period reviewed, the price was the highest ever recorded and increased slightly compared to the previous month, registering a growth of almost 1.9 percent. In November 2019, the average price dropped by one Egyptian pound and stayed constant until May 2020 before fluctuating and increasing in general. The previous relative stability in wheat prices was caused by the extensive involvement of the Egyptian government in all parts of the wheat value chain.   

A major crop for the Egyptians     

Grains constitute Egypt's most important crop group, with wheat as the most important grain of all. In 2021, the country produced nine million metric tons of the crop. Yet Egyptians consumed more than twice that number. The grain is fundamental to the Egyptian population's food staple. In order to meet a demand that is higher than the local production, the country imports the majority of its wheat. In fact, Egypt has held its position as the largest wheat importer globally for years.

Several shocks to the Egyptian grain market     

The increases in the crop's price since September 2021 were a result of several reasons. The increases in the global average price of cereals, as well as crops affected by weather conditions in major export nations were among the main causes. Furthermore, the Russia-Ukraine war has severe implications on the wheat supply globally and in Egypt. Both countries are leading wheat import partners of Egypt, aggregating 85 percent of the country's wheat imports in 2020. As of the same year, the volume of wheat imported from Russia stood at 14 million metric tons.

The price of US wheat per ton is influenced by factors such as supply and demand, weather conditions, government policies, global market trends, and currency exchange rates. Monitoring these factors is crucial for farmers, traders, and consumers to make informed decisions and adapt to market changes.

Russia Average Export Price: Wheat data was reported at 206.000 USD/Ton in Nov 2018. This records an increase from the previous number of 202.000 USD/Ton for Oct 2018. Russia Average Export Price: Wheat data is updated monthly, averaging 189.000 USD/Ton from Jan 2013 (Median) to Nov 2018, with 71 observations. The data reached an all-time high of 338.700 USD/Ton in Jan 2013 and a record low of 156.000 USD/Ton in Aug 2016. Russia Average Export Price: Wheat data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Global Database’s Russian Federation – Table RU.PC001: Average Export Price.

Explore the factors influencing durum wheat prices, including weather, global demand, and geopolitical dynamics. Learn how market trends, trade policies, and technological advancements affect this essential commodity for pasta and couscous.

The average producers' price of wheat flour in Russia experienced a slight decrease in January 2023, as compared to the same month of the previous year. In the latest period observed, wheat flour producers' price amounted to approximately 20.7 thousand Russian rubles per one metric ton. The lowest figure was reached in January 2018 at a little over 12.5 thousand Russian rubles for one metric ton of wheat flour.