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.

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 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.

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.

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.

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

In fiscal year 2024, the procurement price of wheat across India was over 2,275 Indian rupees per quintal. This was an increase compared to the previous year's procurement price. During fiscal year 2023, the export value of wheat from the south Asian nation amounted to over 1,519 million U.S. dollars.

Stay up-to-date with today's grain prices per bushel for corn, soybeans, wheat, oats, and rice, and learn about the various factors that influence these prices such as weather, supply and demand, government policies, and international trade. Discover how farmers, agribusinesses, and consumers are affected by these prices.

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

This statistic illustrates the monthly sales price of wheat in Europe from February 2016 to September 2019. The sales price of wheat increased in the period under consideration from 168.69 euros per ton in February 2016 to 192.28 euros per ton in September 2019.

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 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.

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

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

The average price of wheat in Romania has been increasing year over year. By 2021, the average price peaked at 217 euros per metric ton.

Corn decreased 3.39 USd/BU or 0.74% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Corn - values, historical data, forecasts and news - updated on March of 2025.

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