Wheat Price in Hannover
Latest available price
189 EUR/mt
Just south of Hannover, the Hildesheim Börde's loess soil - built up over roughly 4,000 years and among the most fertile in Germany - is deep and rich enough to support demanding crops like wheat and sugar beet. Source: Wikipedia.
Over the past 12 months it ranged from 184 EUR/mt (Week of Aug 31, 2020) to 247 EUR/mt (Week of May 3, 2021), +2.7% vs. a year earlier. Lower than 51 of 53 other reporting EU markets (Week of Aug 30, 2021).
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 Aug 30, 2021 | 189 | -23.5% |
| Week of Aug 23, 2021 | 247 | +0.6% |
| Week of May 17, 2021 | 245.5 | -0.3% |
| Week of May 10, 2021 | 246.25 | -0.3% |
| Week of May 3, 2021 | 247 | +8.8% |
| Week of Apr 26, 2021 | 227 | +3.2% |
| Week of Apr 19, 2021 | 220 | -4.8% |
| Week of Mar 15, 2021 | 231 | -3.5% |
| Week of Mar 8, 2021 | 239.5 | +4.1% |
| Week of Mar 1, 2021 | 230 | +0.5% |
| Week of Feb 22, 2021 | 228.75 | +1.6% |
| Week of Feb 15, 2021 | 225.25 | -0.2% |
Annual averages
| Year | Average (EUR/mt) | Change |
|---|---|---|
| 2021 (year to date) | 229.44 | +18.3% |
| 2020 | 193.91 | +5.1% |
| 2019 | 184.45 | -3.2% |
| 2018 | 190.51 | +10.8% |
| 2017 | 171.98 | +10.2% |
| 2016 | 156.06 | -10.0% |
| 2015 | 173.3 | – |