In the crop year 2023/24, the export volume of wheat, flour, and other wheat products in Ukraine amounted to ****** million metric tons. The figure fluctuated over the period observed and was projected to drop to ** million metric tons in the crop year 2024/25.

In 2024, after two years of decline, there was significant growth in overseas shipments of wheat gluten, when their volume increased by X% to X tons. In general, exports recorded pronounced growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2024, the growth of the exports remained at a lower figure.

In 2023, after two years of decline, there was significant growth in shipments abroad of wheat, when their volume increased by 71% to 31M tons.

Wheat fell to 562.25 USd/Bu on July 3, 2025, down 0.31% from the previous day. Over the past month, Wheat's price has risen 3.50%, but it is still 4.78% lower than a year ago, 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.

Depending on the model, worldwide wheat exports are expected to decline between 6.95 and 12.34 percent in 2022 due to the Russian invasion of Ukraine. The worst case scenario assumes no wheat exports from Ukraine for the entirety of 2022 on top of major recessions in both countries and a decline of Ukrainian production by 20 percent. The Black Sea is the primary shipping lane for exports from both countries.

In Q1 2025, the U.S. wheat market experienced notable price fluctuations shaped by shifting global dynamics and domestic supply-demand trends. January began with a slight price decline, largely driven by weak international demand and heightened competition from alternative suppliers. A stronger dollar and volatile freight rates further discouraged exports, while rising winter wheat acreage and stable domestic production tempered market sentiment. Export activity remained limited as buyers engaged in minimal, need-based purchases.

Operators in the Grain Storage industry have benefited from strong growth in grain production volumes in recent years. The industry is characterised by extreme revenue volatility, which creates difficult conditions for operators. Shifting wheat prices, movements in the Australian dollar and fluctuating grain production due to changing rainfall have influenced industry demand and earnings. Record national grain harvest over three consecutive years through 2022-23 has significantly boosted demand for grain storage. Grain storage companies have capitalised on record production volumes by quickly expanding storage capacity. As a result, industry-wide revenue has been growing at an average annualised 3.8% over the past five years and is expected to total $3.5 billion in 2023-24, when revenue will fall by an estimated 22.8%. An anticipated decline in crop production is expected to contribute to industry revenue declining in the current year. A large portion of stored grains is destined for export markets, as grains are typically stored while waiting for shipment. Grain growers typically attempt to increase the volume of exported grains when prices rise, negatively affecting demand for grain storage services. World wheat prices can significantly influence the industry's performance, as wheat accounts for the largest portion of grain stored. World wheat prices have surged in recent years, primarily due to the COVID-19 pandemic and the Russia-Ukraine conflict constraining the global grain supply. While high wheat prices typically encourage firms to reduce the time grains spend in storage, port congestions and extreme production volumes have led to operators filling up storage facilities, supporting profitability growth. Total grain production volumes are on track to fall over the coming years, contributing to industry revenue declines. However, this forecast is based on average weather patterns. While they are difficult to forecast, adverse weather conditions or natural disasters could negatively influence industry performance over the coming years as production volumes may be diminished. Overall, industry revenue is forecast to fall at an annualised 2.3% over the five years through 2028-29 to total $3.1 billion.

After two years of decline, overseas shipments of durum wheat increased by 84% to 644K tons in 2023.

In 2024, after three years of growth, there was significant decline in overseas shipments of wheat gluten, when their volume decreased by X% to X tons. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2024, the exports failed to regain momentum.

For the third consecutive year, Romania recorded decline in shipments abroad of durum wheat, which decreased by -1.1% to 48K tons in 2023.

In 2023, after three years of growth, there was significant decline in overseas shipments of non-wheat flours, when their volume decreased by -30.7% to 28 tons.

After two years of decline, shipments abroad of wheat and meslin flour increased by 18% to 12K tons in 2023.

The US bread production industry transforms consumer preferences toward health-conscious and sustainable options. Recent trends reflect a growing demand for whole grain, gluten-free, low-carb and organic bread varieties, leading traditional white bread to lose dominance. Producers are transitioning to smaller, artisanal batches to cater to these niche markets, emphasizing ingredient transparency and eliminating artificial additives. The popularity of private-label bread offerings in supermarkets highlights the increasing preference for budget-friendly, high-quality alternatives, exerting pressure on national brands to innovate and justify premium pricing. Furthermore, the rise of e-commerce and delivery apps has recalibrated sales strategies, emphasizing the importance of a strong online presence and efficient logistics to maintain product quality. Overall, industry revenue is estimated to climb at a CAGR of 1.3% over the five years to 2025 to reach $57.4 billion in 2025. Over the past five years, the bread production industry in the US has navigated several challenges and opportunities. The global surge in wheat prices, influenced by geopolitical tensions and inflation factors, has prompted producers to optimize supply chains and manage rising costs creatively. Companies have simplified product offerings and embraced strategies like "shrinkflation" to maintain profitability. Meanwhile, a shift toward premium, artisan-style breads has gained traction, redefining consumer expectations and allowing producers to focus on higher-margin products. This cultural shift toward valuing craftsmanship and wellness has sparked innovation with new ingredients and fermentation techniques, compelling even traditional brands to explore new, health-driven varieties to stay competitive. The US bread production landscape is poised for ongoing evolution over the next five years. Consumers’ increasing focus on functional and plant-based ingredients will reshape bread formulations, encouraging experimentation with alternative flours and nutritional enhancements. Technological advancements, like automation and AI-driven systems, will become more prevalent, improving efficiency and quality control. Sustainability will also be crucial, as environmental concerns drive producers to adopt eco-friendly practices and transparent operations. As these trends continue, bread producers must navigate a complex landscape of health, technology and sustainability to retain relevance and competitive advantage in a rapidly changing market. Industry revenue is anticipated to expand at a CAGR of 1.7% over the next five years to reach $62.4 billion in 2030, with average profit shrinking to 4.4% of revenue.

For the third consecutive year, Estonia recorded decline in overseas shipments of durum wheat, which decreased by -2.7% to 397 tons in 2023.

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.

After two years of decline, shipments abroad of wheat increased by 43% to 2.8M tons in 2023.

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

For the third year in a row, Oman recorded decline in overseas shipments of wheat and meslin flour, which decreased by -26.3% to 130K tons in 2023.

For the third year in a row, Kuwait recorded decline in shipments abroad of wheat and meslin flour, which decreased by -3.4% to 58K tons in 2023.

For the third consecutive year, South Korea recorded decline in overseas shipments of wheat and meslin flour, which decreased by -38.6% to 24K tons in 2023.