Wheat Price in Latvia
Latest available price
19.7 EUR/100kg
Latvia has become one of the EU's fastest-growing wheat exporters, with soft wheat making up around 90% of its total grain exports. Source: USDA Foreign Agricultural Service.
-2.5% vs. EU-27 (average). Lower than 12 of 23 other reporting EU countries (2024).
Latvia is the world's 16th-largest exporter (1.2% of global exports, FAOSTAT 2023).
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 country options are Eurostat producer prices (annual); "EU-27 (average)" is a simple, unweighted mean across reporting member states, computed by agri.markets — not a production-weighted figure. Currency, unit and inflation conversions are explained in how agri.markets sources and calculates prices.
Price data table
Recent prices
| Period | Price (EUR/100kg) | Change |
|---|---|---|
| 2024 | 19.7 | -6.9% |
| 2023 | 21.17 | -26.9% |
| 2022 | 28.96 | +43.4% |
| 2021 | 20.2 | +18.5% |
| 2020 | 17.04 | +4.7% |
| 2019 | 16.28 | -5.2% |
| 2018 | 17.17 | +15.9% |
| 2017 | 14.82 | +10.1% |
| 2016 | 13.46 | -9.4% |
| 2015 | 14.85 | -4.2% |
| 2014 | 15.5 | -15.9% |
| 2013 | 18.42 | – |