Global wheat prices increased by over ** percent over the period from February 24 to June 1, 2022, compared to the average in January 2022. The growth was explained by the Russia-Ukraine war, as Russia and Ukraine were among the leading wheat exporters. Furthermore, coal prices grew by around ** percent. A significant increase was also recorded in the prices of metals exported by Russia, such as nickel, palladium, and aluminum.

Wheat fell to 539.78 USd/Bu on July 24, 2025, down 0.13% from the previous day. Over the past month, Wheat's price has risen 2.18%, and is up 0.38% 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 July of 2025.

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.

Ukraine Average Consumer Price: Wheat Flour data was reported at 21.340 kg in Mar 2025. This records an increase from the previous number of 20.730 kg for Feb 2025. Ukraine Average Consumer Price: Wheat Flour data is updated monthly, averaging 13.750 kg from Jan 2017 (Median) to Mar 2025, with 99 observations. The data reached an all-time high of 21.340 kg in Mar 2025 and a record low of 8.530 kg in Jan 2017. Ukraine Average Consumer Price: Wheat Flour data remains active status in CEIC and is reported by State Statistics Service of Ukraine. The data is categorized under Global Database’s Ukraine – Table P001: Average Consumer Prices.

In January 2025, the average wheat export price amounted to $211 per ton, with an increase of 2% against the previous month.

This year, harvests in the EU, the U.S., the UK, Argentina, Morocco and Ukraine are expected to increase, leading to a growth in wheat production. Even though global stockpiles of grains will remain high, there are boosted expectations for inflation due to forecasts of record demand and increased prices for other cereal grains. The rising global population and bioethanol production are key factors leading to this growth in demand for wheat. Another driving factor is the emerging trend in the EU to use more wheat in animal feed rather than barley.

In 2023, overseas shipments of wheat bran were finally on the rise to reach 305K tons after two years of decline.

Ukraine Average Consumer Price: Rye Bread, Rye-Wheat Bread data was reported at 46.150 kg in Mar 2025. This records an increase from the previous number of 45.640 kg for Feb 2025. Ukraine Average Consumer Price: Rye Bread, Rye-Wheat Bread data is updated monthly, averaging 23.590 kg from Jan 2017 (Median) to Mar 2025, with 99 observations. The data reached an all-time high of 46.150 kg in Mar 2025 and a record low of 12.680 kg in Jan 2017. Ukraine Average Consumer Price: Rye Bread, Rye-Wheat Bread data remains active status in CEIC and is reported by State Statistics Service of Ukraine. The data is categorized under Global Database’s Ukraine – Table P001: Average Consumer Prices.

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.

Ukraine Average Consumer Price: Pasta Products from Soft Wheat Varieties data was reported at 35.110 kg in Mar 2025. This records an increase from the previous number of 34.870 kg for Feb 2025. Ukraine Average Consumer Price: Pasta Products from Soft Wheat Varieties data is updated monthly, averaging 21.220 kg from Jan 2017 (Median) to Mar 2025, with 99 observations. The data reached an all-time high of 35.110 kg in Mar 2025 and a record low of 13.760 kg in Jan 2017. Ukraine Average Consumer Price: Pasta Products from Soft Wheat Varieties data remains active status in CEIC and is reported by State Statistics Service of Ukraine. The data is categorized under Global Database’s Ukraine – Table P001: Average Consumer Prices.

Ukraine Average Producer Price: Millet Grain data was reported at 13,079.550 UAH/Ton in Sep 2018. This records an increase from the previous number of 11,894.060 UAH/Ton for Aug 2018. Ukraine Average Producer Price: Millet Grain data is updated monthly, averaging 5,312.330 UAH/Ton from Jan 2011 (Median) to Sep 2018, with 93 observations. The data reached an all-time high of 13,079.550 UAH/Ton in Sep 2018 and a record low of 2,544.580 UAH/Ton in Aug 2012. Ukraine Average Producer Price: Millet Grain data remains active status in CEIC and is reported by State Statistics Service of Ukraine. The data is categorized under Global Database’s Ukraine – Table UA.B010: Average Producer Prices.

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.

Agricultural product wholesalers contend with volatile crop yields and global commodity prices, changing government agricultural policies and changing customer demands. Over the five years through 2024, wholesalers’ revenue is forecast to grow at a compound annual rate of 2.9% to reach €489 billion. The Russia-Ukraine conflict has introduced severe disruption to global commodity supply chains, driving huge price rises for wheat, other grains and fertilisers. In the EU, the average price of agricultural products soared by 24% between 2021 and 2022, according to Eurostat - cereal price inflation of over 40% was a key driver of this. Put off by sky-high prices, major buyers of cereal-based feedstuffs have sought out alternatives, contributing to a drop in demand and driving a sharp drop in prices (-18.4%) in the UK over the year through September 2023, as shown by data from the Office for National Statistics. In 2024, wholesalers’ sales will be dampened by low business sentiment, but high prices will keep revenue growing – it’s expected to climb by 0.8%. Wholesaling industries are typically characterised by a narrow profit margin, as they seek to ensure their prices are low enough to prevent wholesale bypass. To raise additional revenue and generate profit, wholesalers turn to providing value-added services like customised packaging and labelling solutions, rigorous quality control and traceability systems to provide assurance of the product journey. Over the five years through 2029, wholesalers’ revenue is anticipated to swell at a compound annual rate of 2.7% to €559 billion. Agricultural policies across many European countries are decoupling payments and output in favour for financial incentives for rewilding schemes and the creation of public goods, to the detriment of wholesalers. Consumer preferences for sustainable produce will intensify; wholesalers can capitalise on this by offering products aligned with these policies and preferences.

The FAO Food Price Index (FFPI) averaged 124.9 points in January 2025, down 2.1 points from December 2024. The highest value for the index in the past 23 years was reached in March 2022. However, the rate of food price increases has been decreasing since.

Food prices worldwide The annual FAO Food Price Index (FFPI) by category shows that the price of vegetable oils grew by a particularly large margin. One of the factors that influenced the spike in oil prices worldwide during 2020 and 2021 were the supply-chain disruptions during the COVID-19 pandemic. Moreover, after the war in Ukraine, shipping costs and grain prices also had a noticeable impact on global food prices. Global food prices are calculated to have increased by 3.68 percent, due to changes in shipping costs and grain prices. The European Union (EU) has experienced a particularly high increase in the annual consumer prices for food and non-alcoholic beverages, as compared to other selected countries worldwide. Inflation in Europe

The inflation rate for food in the EU grew from 0.2 percent in May 2021 to 19.2 percent in March 2023, as compared to the same month in the previous year. In the following months, the food inflation started decreasing again, reaching 1.86 percent in April 2024. The overall inflation rate in the Euro area reached its peak in December 2022 at 9.2 percent. The rate has since fallen to 2.4 percent in December 2024. As measured by the Harmonized Index of Consumer Prices (HICP), inflation rates in Europe were highest in Turkey, North Macedonia, and Romania as of December 2024.

In 2024, the Ukrainian wheat starch market decreased by -0.8% to $44M, falling for the second consecutive year after seven years of growth. In general, the total consumption indicated a noticeable increase from 2012 to 2024: its value increased at an average annual rate of +2.2% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -7.0% against 2022 indices.

Corn rose to 399.78 USd/BU on July 23, 2025, up 0.13% from the previous day. Over the past month, Corn's price has fallen 3.96%, and is down 4.36% compared to the same time last year, 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 July of 2025.

Increasing health awareness and rising consumer spending led to an average annual increase in industry sales of 3.6% in the period from 2019 to 2024. In 2020, demand for ground products was primarily influenced by the effects of the coronavirus pandemic. While demand from end consumers and baked goods manufacturers rose significantly at times, demand from other bulk buyers fell. In 2022, the Ukraine conflict led to a sharp rise in the global market price for wheat, which also increased the cost of materials for grinding and hulling mills. Mill operators were largely able to pass on the higher purchasing costs to their customers, as a result of which their turnover also increased significantly. In the current year, industry turnover is expected to fall by 4.6% to 6.1 billion euros.The most important input factor for mills is grain. As the prices for wheat and other types of grain depend on the grain farmers' harvest yields, which in turn are influenced by weather conditions, grain prices can be very volatile. If the grain harvest is particularly poor, prices rise, which leads to an increase in material costs for industry players. If industry players are unable to pass this cost increase on to their customers, this has a negative impact on profit margins. Another factor influencing the industry is the demand for milled products from downstream sectors such as artisan bakers, industrial baked goods manufacturers and supermarkets. The sales growth of these important customer markets has tended to have a positive effect on the sales development of grinding and peeling mills in recent years.In the period from 2024 to 2029, turnover in grinding and peeling mills is expected to fall by an average of 1.3% per year to 5.7 billion euros. The ongoing health trend and continued high consumer spending on food should ensure that sales volumes remain stable in the coming years. However, grain prices are likely to fall again somewhat, which means that industry sales are also expected to decline. Due to market saturation, there is likely to be little growth potential for industry players in the future, which is why the number of grinding and hulling mills is likely to fall.

In the immediate term, the global buckwheat market may face a shortage due to an export ban introduced in Russia. The country, being the largest producer and exporter of buckwheat, restricted exporting unprocessed buckwheat, coarsely ground buckwheat groats, and crushed buckwheat grain from June 5, 2021, to August 31. Russia took this step to preserve the volumes of the buckwheat grain for its domestic consumption and prevent a spike in prices inside the country. China, Latvia and Ukraine featured the most prominent increases in imports from Russia in 2021.

Globally, consumer food prices are expected to rise by **** percent due to the increase in freight rates and grain prices. The comparative increase is showing the difference to a market where the prices and rates from February 2022, before the war in Ukraine, had remained stable. Lower middle income economies face the steepest increase in food prices since the shipping costs are highest for this group of countries.

Agricultural product wholesalers contend with volatile crop yields and global commodity prices, changing government agricultural policies and changing customer demands. Over the five years through 2024, wholesalers’ revenue is forecast to grow at a compound annual rate of 2.9% to reach €489 billion. The Russia-Ukraine conflict has introduced severe disruption to global commodity supply chains, driving huge price rises for wheat, other grains and fertilisers. In the EU, the average price of agricultural products soared by 24% between 2021 and 2022, according to Eurostat - cereal price inflation of over 40% was a key driver of this. Put off by sky-high prices, major buyers of cereal-based feedstuffs have sought out alternatives, contributing to a drop in demand and driving a sharp drop in prices (-18.4%) in the UK over the year through September 2023, as shown by data from the Office for National Statistics. In 2024, wholesalers’ sales will be dampened by low business sentiment, but high prices will keep revenue growing – it’s expected to climb by 0.8%. Wholesaling industries are typically characterised by a narrow profit margin, as they seek to ensure their prices are low enough to prevent wholesale bypass. To raise additional revenue and generate profit, wholesalers turn to providing value-added services like customised packaging and labelling solutions, rigorous quality control and traceability systems to provide assurance of the product journey. Over the five years through 2029, wholesalers’ revenue is anticipated to swell at a compound annual rate of 2.7% to €559 billion. Agricultural policies across many European countries are decoupling payments and output in favour for financial incentives for rewilding schemes and the creation of public goods, to the detriment of wholesalers. Consumer preferences for sustainable produce will intensify; wholesalers can capitalise on this by offering products aligned with these policies and preferences.