The price of Russian wheat with a 12.5% protein does not stop rising. From the beginning of the year, according to an agricultural consultant specialized in the analysis of the raw material market in Russia, Sovietthe cost has gone from 14,725 rubles per metric ton (134 euros) to 15,525 rubles (146 euros), promoted above all by the interest of exporters in supplying international markets.
The global market has influenced this increase. On January 29, wheat in the Matif French stock market increased by 2.5 euros in a week, reaching 233 euros per ton. This increase has led Russian exporters to buy more grain within the country, fueling internal competition, according to .
At the end of January, Russian wheat with 12.5% protein was quoted between 219 and 221 euros per metric ton FOB, with a rise of 1.4 euros. In the southern region of the country, the main export zone, the Wheat of Class 4 has risen 900 rubles (8.5 euros) in a month, reaching 16,350 rubles (155 euros) per ton, while in the central region the increase has been 250 rubles (2.4 euros).
Despite these increases and the activity of exporters in the domestic market, sales abroad have dropped. Soviet It estimates that wheat exports in January will reach 2.2 million metric tons, well below 3.6 million exported the same month last year and the average of five years, of 3.1 million.
Exporters could be accumulating grain waiting for higher prices or a rebound in international demand. In southern Russia, wheat stocks have dropped to 3.7 million tons in December, compared to 7 million a year ago, due to active sales and a minor production.
Andrey Sizov, Director Gerente de Sovietwarns that the global market overestimates Russia’s export potential this season. The consultant provides that Russian wheat exports in 2025 reach 42.8 million tons, below the estimation of the United States Department of Agriculture, which places them at 46 million. “The rise in internal prices and the appreciation of the ruble could stabilize or continue to make Russian wheat, which would support the global market,” says Sizov.
