Wheat Price in Erfurt
Latest available price
174 EUR/mt
Erfurt lies at the heart of the Thuringian Basin, a fertile loess-soil lowland ringed by hills, where grain farming - especially wheat and barley - has long been the dominant land use. Source: Encyclopaedia Britannica.
Over the past 12 months it ranged from 151 EUR/mt (Week of Jun 18, 2018) to 205 EUR/mt (Week of Aug 6, 2018), +10.5% vs. a year earlier. Lower than 54 of 61 other reporting EU markets (Week of Apr 15, 2019).
Price Chart
How this year compares, month by month, to the typical pattern of recent years for the selected region.
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.
EU options are the European Commission's own weekly reference prices. Currency, unit and inflation conversions are explained in how agri.markets sources and calculates prices.
Price data table
Recent prices
| Period | Price (EUR/mt) | Change |
|---|---|---|
| Week of Apr 15, 2019 | 174 | +1.2% |
| Week of Apr 8, 2019 | 172 | +0.0% |
| Week of Apr 1, 2019 | 172 | -3.9% |
| Week of Mar 25, 2019 | 179 | +3.2% |
| Week of Mar 18, 2019 | 173.5 | -5.4% |
| Week of Mar 11, 2019 | 183.5 | -1.6% |
| Week of Mar 4, 2019 | 186.5 | -2.4% |
| Week of Feb 25, 2019 | 191 | -0.5% |
| Week of Feb 18, 2019 | 192 | -4.5% |
| Week of Feb 11, 2019 | 201 | +1.5% |
| Week of Feb 4, 2019 | 198 | -1.5% |
| Week of Jan 28, 2019 | 201 | +0.5% |
Annual averages
| Year | Average (EUR/mt) | Change |
|---|---|---|
| 2019 (year to date) | 187.25 | +7.8% |
| 2018 | 173.67 | +11.4% |
| 2017 | 155.88 | +10.3% |
| 2016 | 141.29 | -10.4% |
| 2015 | 157.7 | – |