Wheat Price

Wheat: 310 USD/mt (World, 2026-07). Source: World Bank.

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Notable price events

2007-08 global food price crisis — Drought in major exporting countries, combined with several governments restricting exports to protect domestic supply and growing demand for biofuel crops, pushed wheat, rice and corn to what were then record prices within about a year - triggering food riots in over 30 countries.
Russia's invasion of Ukraine — Russia's February 2022 invasion cut off two of the world's largest wheat and corn exporters and most of its sunflower oil supply almost overnight, while sanctions and blocked Black Sea shipping routes hit Russian fertilizer exports too - sending prices sharply higher within days across all four commodities at once, a rare case of one event moving so many markets simultaneously.

About Wheat

One of the most widely grown cereal grains, used mainly for bread, pasta and other flour-based foods, and as animal feed. The EU, China, India, Russia and the US are the largest producers; Russia and Ukraine together account for a large share of global exports, which is why the war in Ukraine caused sharp price spikes from 2022 onward - echoing the 2007-08 food price crisis, when drought in major exporting countries and several governments' export restrictions pushed wheat to what was then a record price. Not all wheat is interchangeable: hard varieties with more protein go into bread flour, soft varieties into cakes and pastries, and the futures markets trade several classes separately for exactly this reason. Prices are driven mainly by harvest weather in major growing regions, export policy, and demand for animal feed.

Latest US daily cash price (USDA AMS, averaged across reporting states): $7.49/bu on 2026-08-28.

USDA's WASDE report projects a $6.20/bu season-average price for the 2026/27 marketing year (+23% vs. $5.06/bu estimated for 2025/26).

Latest World price (2026-07): -3% vs. the 5-year average, +17% vs. the 10-year average, +32% vs. a year ago.

Right now, 1 t of wheat buys about 0.78 t of urea — World benchmark prices, 2026-07.

Top Wheat Producers

Rank	Country
1	China	136,590,100 t	5.8 t/ha
2	India	110,553,675 t	3.5 t/ha
3	Russia	92,770,000 t	3.2 t/ha
4	United States	49,313,930 t	3.3 t/ha
5	France	35,995,570 t	7.2 t/ha
6	Canada	33,413,600 t	3.1 t/ha
7	Pakistan	28,160,527 t	3.1 t/ha
8	Australia	28,028,429 t	2.7 t/ha
9	Türkiye	22,000,000 t	3.2 t/ha
10	Ukraine	21,625,170 t	4.6 t/ha
11	Germany	21,535,900 t	7.4 t/ha
12	Iran	16,620,000 t	2.5 t/ha
13	Argentina	15,853,154 t	2.8 t/ha
14	United Kingdom	13,980,000 t	8.1 t/ha
15	Poland	12,932,390 t	5.3 t/ha
16	Kazakhstan	12,110,913 t	0.9 t/ha
17	Romania	9,624,070 t	4.2 t/ha
18	Egypt	9,065,380 t	6.8 t/ha
19	Brazil	7,730,188 t	2.3 t/ha
20	Italy	6,894,470 t	3.7 t/ha
21	Bulgaria	6,854,760 t	5.6 t/ha
22	Uzbekistan	6,471,502 t	5.3 t/ha
23	Ethiopia	6,091,618 t	2.8 t/ha
24	Hungary	5,941,990 t	5.6 t/ha
25	Czechia	5,262,360 t	6.4 t/ha
26	Lithuania	4,455,390 t	4.7 t/ha
27	Afghanistan	4,350,662 t	2.2 t/ha
28	Iraq	4,247,726 t	2.5 t/ha
29	Morocco	4,158,471 t	1.7 t/ha
30	Spain	4,049,230 t	2.1 t/ha
31	Denmark	3,556,260 t	7.3 t/ha
32	Mexico	3,476,027 t	6.2 t/ha
33	Serbia	3,448,700 t	5.1 t/ha
34	Syria	3,080,351 t	2.3 t/ha
35	Sweden	2,768,200 t	5.5 t/ha
36	Algeria	2,500,000 t	1.4 t/ha
37	Slovakia	2,490,600 t	6.1 t/ha
38	Belarus	2,400,000 t	3.7 t/ha
39	Latvia	2,136,800 t	4.1 t/ha
40	Nepal	2,098,462 t	3.0 t/ha
41	South Africa	2,050,000 t	3.8 t/ha
42	Azerbaijan	1,792,419 t	3.3 t/ha
43	Belgium	1,791,170 t	8.4 t/ha
44	Austria	1,744,820 t	6.2 t/ha
45	Moldova	1,555,024 t	4.1 t/ha
46	Uruguay	1,343,800 t	5.0 t/ha
47	Saudi Arabia	1,314,427 t	6.3 t/ha
48	Greece	1,309,180 t	2.9 t/ha
49	Chile	1,289,774 t	6.0 t/ha
50	Bangladesh	1,107,195 t	3.5 t/ha
51	Turkmenistan	1,100,000 t	1.7 t/ha
52	Netherlands	1,096,820 t	8.5 t/ha
53	Japan	1,094,000 t	4.7 t/ha
54	Paraguay	968,789 t	2.2 t/ha
55	Tajikistan	860,489 t	3.1 t/ha
56	Croatia	834,230 t	4.8 t/ha
57	Finland	749,030 t	3.3 t/ha
58	Estonia	694,120 t	4.0 t/ha
59	Ireland	483,110 t	8.7 t/ha
60	Tunisia	470,000 t	1.4 t/ha
61	Zimbabwe	466,000 t	4.6 t/ha
62	Switzerland	447,449 t	5.1 t/ha
63	Mongolia	443,416 t	1.3 t/ha
64	Kyrgyzstan	440,415 t	1.9 t/ha
65	New Zealand	391,615 t	9.7 t/ha
66	Sudan	377,900 t	2.3 t/ha
67	Kenya	309,492 t	3.0 t/ha
68	Zambia	277,492 t	7.6 t/ha
69	Bolivia	272,806 t	1.3 t/ha
70	Bosnia & Herzegovina	246,515 t	4.3 t/ha
71	Albania	233,585 t	4.1 t/ha
72	North Macedonia	215,165 t	3.1 t/ha
73	Peru	194,004 t	1.7 t/ha
74	Armenia	177,860 t	2.5 t/ha
75	Norway	172,000 t	2.7 t/ha
76	Lebanon	158,754 t	2.9 t/ha
77	Israel	150,000 t	2.8 t/ha
78	Georgia	147,000 t	2.6 t/ha
79	Slovenia	145,420 t	5.1 t/ha
80	Libya	130,000 t	0.8 t/ha
81	Yemen	100,000 t	1.5 t/ha
82	North Korea	88,400 t	1.2 t/ha
83	Tanzania	86,522 t	1.4 t/ha
84	Myanmar (Burma)	80,000 t	1.4 t/ha
85	Luxembourg	72,360 t	5.8 t/ha
86	South Korea	51,809 t	4.5 t/ha
87	Nigeria	48,869 t	1.6 t/ha
88	Mali	38,500 t	5.6 t/ha
89	Portugal	34,670 t	1.4 t/ha
90	Cyprus	28,250 t	2.0 t/ha
91	Jordan	26,698 t	2.2 t/ha
92	Eritrea	25,000 t	1.0 t/ha
93	Uganda	25,000 t	1.7 t/ha
94	Namibia	24,696 t	5.8 t/ha
95	Angola	20,921 t	1.2 t/ha
96	Rwanda	16,656 t	1.3 t/ha
97	Mozambique	16,000 t	1.0 t/ha
98	Congo - Kinshasa	9,000 t	1.1 t/ha
99	Burundi	8,969 t	0.7 t/ha
100	Colombia	8,322 t	2.9 t/ha
101	Oman	7,892 t	2.6 t/ha
102	Niger	6,457 t	3.2 t/ha
103	Lesotho	6,251 t	0.6 t/ha
104	Taiwan	4,000 t	2.0 t/ha
105	Ecuador	3,976 t	1.0 t/ha
106	Montenegro	2,111 t	2.8 t/ha
107	Mauritania	2,000 t	2.2 t/ha
108	Chad	1,399 t	1.9 t/ha
109	Thailand	1,321 t	1.0 t/ha
110	Honduras	1,278 t	0.5 t/ha
111	Somalia	1,060 t	0.4 t/ha
112	Madagascar	1,000 t	2.4 t/ha
113	Venezuela	995 t	3.1 t/ha
114	Guatemala	886 t	3.4 t/ha
115	Bhutan	837 t	1.1 t/ha
116	Botswana	810 t	1.0 t/ha
117	Eswatini	721 t	1.9 t/ha
118	Cameroon	628 t	1.3 t/ha
119	Malawi	190 t	0.2 t/ha
120	Kuwait	47 t	4.5 t/ha
121	New Caledonia	13 t	0.7 t/ha
122	Qatar	2 t	3.0 t/ha

FAOSTAT production data, 2023. World average yield: 3.6 t/ha.

Top Wheat Importers

Rank	Country
1	Türkiye	11,904,622 t
2	China	11,877,742 t
3	Indonesia	10,869,909 t
4	Spain	9,636,178 t
5	Italy	8,674,613 t
6	Egypt	8,162,037 t
7	Morocco	5,871,974 t
8	Algeria	5,836,218 t
9	Philippines	5,544,540 t
10	Germany	5,163,202 t
11	Japan	5,026,292 t
12	Vietnam	4,877,301 t
13	Nigeria	4,725,100 t
14	South Korea	4,595,924 t
15	Brazil	4,180,827 t
16	Mexico	4,022,527 t
17	Netherlands	3,845,518 t
18	Thailand	3,713,929 t
19	Iran	3,501,806 t
20	Saudi Arabia	3,435,492 t
21	Uzbekistan	3,316,499 t
22	Belgium	3,289,072 t
23	Bangladesh	2,969,597 t
24	Kazakhstan	2,615,561 t
25	Pakistan	2,605,291 t
26	United States	2,471,089 t
27	Kenya	2,036,933 t
28	South Africa	2,031,856 t
29	Tunisia	2,028,923 t
30	Yemen	1,907,403 t
31	Peru	1,867,929 t
32	Colombia	1,779,177 t
33	United Kingdom	1,708,291 t
34	Iraq	1,612,485 t
35	Malaysia	1,611,959 t
36	Portugal	1,512,275 t
37	Israel	1,505,513 t
38	United Arab Emirates	1,442,798 t
39	Ecuador	1,369,585 t
40	Tanzania	1,367,937 t
41	Taiwan	1,266,160 t
42	Austria	1,175,368 t
43	Azerbaijan	1,175,338 t
44	Greece	1,108,268 t
45	Tajikistan	1,023,591 t
46	Chile	1,022,914 t
47	Oman	1,021,020 t
48	Senegal	897,798 t
49	Cameroon	887,434 t
50	Poland	844,015 t
51	Romania	821,266 t
52	Latvia	816,915 t
53	Sri Lanka	788,608 t
54	Uganda	780,732 t
55	Venezuela	775,433 t
56	Mozambique	761,520 t
57	Côte d’Ivoire	705,695 t
58	New Zealand	688,619 t
59	Mauritania	676,113 t
60	Guatemala	650,787 t
61	Angola	627,456 t
62	Dominican Republic	620,349 t
63	Ethiopia	566,791 t
64	Slovenia	560,268 t
65	Turkmenistan	540,191 t
66	Jordan	513,478 t
67	Afghanistan	482,890 t
68	Kuwait	474,408 t
69	Lebanon	460,009 t
70	Guinea	458,120 t
71	Switzerland	416,923 t
72	Congo - Kinshasa	378,189 t
73	Myanmar (Burma)	371,249 t
74	Kyrgyzstan	370,809 t
75	Mali	365,370 t
76	Ireland	350,813 t
77	Ghana	338,576 t
78	Armenia	338,289 t
79	Sudan	331,999 t
80	El Salvador	319,016 t
81	Haiti	302,221 t
82	Cuba	281,815 t
83	Norway	281,702 t
84	Papua New Guinea	274,785 t
85	Burkina Faso	270,329 t
86	Honduras	267,870 t
87	Costa Rica	266,373 t
88	Zimbabwe	258,405 t
89	Lithuania	255,916 t
90	Bosnia & Herzegovina	224,328 t
91	Georgia	222,061 t
92	Hungary	221,368 t
93	Singapore	201,561 t
94	Congo - Brazzaville	192,343 t
95	Albania	189,673 t
96	Togo	187,760 t
97	Rwanda	185,000 t
98	Jamaica	178,911 t
99	France	172,721 t
100	Libya	163,747 t
101	Mauritius	161,690 t
102	Madagascar	160,735 t
103	Nepal	157,434 t
104	Croatia	151,228 t
105	Fiji	148,825 t
106	Nicaragua	146,854 t
107	Denmark	146,234 t
108	Luxembourg	144,289 t
109	Namibia	137,232 t
110	Belarus	130,000 t
111	Panama	129,698 t
112	Botswana	126,116 t
113	Czechia	125,679 t
114	Gabon	124,001 t
115	Malawi	114,462 t
116	Benin	107,430 t
117	Trinidad & Tobago	103,189 t
118	Sweden	94,352 t
119	Bahrain	88,176 t
120	India	85,008 t
121	North Macedonia	77,125 t
122	Bolivia	71,429 t
123	Syria	71,300 t
124	Bulgaria	65,484 t
125	Canada	63,827 t
126	Zambia	60,382 t
127	Lesotho	51,668 t
128	Cyprus	50,289 t
129	Burundi	49,618 t
130	Slovakia	48,958 t
131	Mongolia	47,698 t
132	Eswatini	46,818 t
133	Russia	42,285 t
134	Djibouti	41,253 t
135	Eritrea	40,000 t
136	Guyana	38,742 t
137	Iceland	37,550 t
138	Gambia	37,051 t
139	Ukraine	34,776 t
140	Grenada	34,257 t
141	Chad	30,000 t
142	St. Vincent & Grenadines	29,475 t
143	New Caledonia	28,261 t
144	Belize	25,157 t
145	Malta	23,458 t
146	Suriname	22,000 t
147	Qatar	21,002 t
148	Cape Verde	19,829 t
149	Cambodia	18,612 t
150	Solomon Islands	15,472 t
151	Barbados	14,857 t
152	Faroe Islands	14,280 t
153	Montenegro	10,359 t
154	Finland	8,506 t
155	St. Lucia	5,973 t
156	Hong Kong SAR China	5,854 t
157	Estonia	4,175 t
158	North Korea	2,670 t
159	Uruguay	2,452 t
160	Somalia	2,215 t
161	Moldova	1,764 t
162	Serbia	1,626 t
163	French Polynesia	1,602 t
164	Bhutan	1,081 t
165	Naoero	996 t
166	Laos	744 t
167	Palau	716 t
168	Paraguay	415 t
169	Palestinian Territories	244 t
170	Seychelles	148 t
171	Argentina	56 t
172	Australia	43 t
173	Equatorial Guinea	16 t
174	Liberia	15 t
175	Macao SAR China	13 t
176	Brunei	9 t
177	Tuvalu	4 t
178	Maldives	4 t
179	Samoa	3 t
180	Bahamas	2 t
181	Timor-Leste	0 t
182	Antigua & Barbuda	0 t
183	Niger	0 t
184	Cook Islands	0 t
185	Tonga	0 t
186	Vanuatu	0 t

FAOSTAT trade data, 2023.

Top Wheat Exporters

Rank	Country
1	Russia	33,957,857 t
2	Australia	29,292,038 t
3	Canada	25,571,109 t
4	United States	17,942,310 t
5	Ukraine	16,151,705 t
6	France	13,476,663 t
7	Romania	8,171,216 t
8	Kazakhstan	7,202,626 t
9	Poland	6,972,401 t
10	Germany	6,784,192 t
11	Bulgaria	6,386,634 t
12	Lithuania	3,704,409 t
13	Argentina	2,844,596 t
14	Hungary	2,829,778 t
15	Czechia	2,627,225 t
16	Latvia	2,362,606 t
17	Brazil	2,354,625 t
18	Türkiye	1,814,623 t
19	Slovakia	1,602,518 t
20	United Kingdom	1,154,959 t
21	Moldova	1,060,095 t
22	Uruguay	821,643 t
23	Austria	677,905 t
24	Serbia	674,901 t
25	Estonia	558,465 t
26	Greece	527,008 t
27	Croatia	499,955 t
28	Denmark	472,278 t
29	South Africa	453,841 t
30	Slovenia	377,969 t
31	Sweden	325,042 t
32	Belgium	296,963 t
33	Paraguay	247,038 t
34	Netherlands	187,324 t
35	Italy	162,086 t
36	India	157,566 t
37	Mexico	126,159 t
38	Spain	103,172 t
39	Oman	89,458 t
40	United Arab Emirates	74,349 t
41	Vietnam	60,419 t
42	Finland	56,518 t
43	Syria	49,142 t
44	Portugal	41,991 t
45	Uzbekistan	34,852 t
46	Ireland	30,879 t
47	Bosnia & Herzegovina	25,754 t
48	Luxembourg	25,620 t
49	Kenya	19,349 t
50	North Macedonia	18,875 t
51	China	16,509 t
52	Mozambique	12,002 t
53	Malta	10,500 t
54	Mauritius	10,000 t
55	Sri Lanka	9,500 t
56	Senegal	9,100 t
57	Burkina Faso	5,472 t
58	Djibouti	4,891 t
59	Lebanon	3,218 t
60	Egypt	2,644 t
61	Tanzania	1,589 t
62	Belarus	1,567 t
63	New Zealand	1,278 t
64	Zambia	995 t
65	Malaysia	822 t
66	Botswana	649 t
67	Switzerland	531 t
68	Eritrea	500 t
69	Iraq	498 t
70	Guatemala	478 t
71	Israel	446 t
72	Colombia	418 t
73	El Salvador	380 t
74	Honduras	309 t
75	Dominican Republic	284 t
76	Saudi Arabia	189 t
77	Taiwan	160 t
78	Uganda	133 t
79	Zimbabwe	124 t
80	Yemen	101 t
81	Peru	97 t
82	Angola	50 t
83	Armenia	32 t
84	Seychelles	26 t
85	Algeria	25 t
86	Georgia	21 t
87	Nigeria	21 t
88	Singapore	16 t
89	Thailand	16 t
90	Iran	12 t
91	Nicaragua	10 t
92	Ghana	8 t
93	Bahrain	6 t
94	Fiji	4 t
95	Norway	3 t
96	Chile	2 t
97	Cyprus	2 t
98	Bangladesh	1 t
99	Namibia	1 t
100	Hong Kong SAR China	0 t
101	South Korea	0 t
102	Indonesia	0 t
103	Bahamas	0 t
104	Nepal	0 t
105	Morocco	0 t
106	Mali	0 t
107	Libya	0 t
108	Afghanistan	0 t
109	Iceland	0 t
110	Trinidad & Tobago	0 t

FAOSTAT trade data, 2023.

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