Wheat Price in Riga
Latest available price
215.6 EUR/mt
The Port of Riga is one of the Baltic region's leading grain export terminals - agricultural cargo, mostly wheat, barley and rapeseed, has grown to its highest-ever share of the port's total traffic. Source: Freeport of Riga Authority.
Over the past 12 months it ranged from 152 EUR/mt (Week of Jul 20, 2020) to 228.68 EUR/mt (Week of Mar 1, 2021), +14.1% vs. a year earlier. Higher than 29 of 54 other reporting EU markets (Week of Mar 29, 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 Mar 29, 2021 | 215.6 | -3.3% |
| Week of Mar 22, 2021 | 223 | +0.8% |
| Week of Mar 15, 2021 | 221.2 | -2.1% |
| Week of Mar 8, 2021 | 225.96 | -1.2% |
| Week of Mar 1, 2021 | 228.68 | +2.3% |
| Week of Feb 22, 2021 | 223.5 | +0.1% |
| Week of Feb 15, 2021 | 223.34 | -0.0% |
| Week of Feb 8, 2021 | 223.41 | +0.1% |
| Week of Feb 1, 2021 | 223.23 | +2.5% |
| Week of Jan 25, 2021 | 217.78 | +1.5% |
| Week of Jan 18, 2021 | 214.55 | +1.4% |
| Week of Jan 11, 2021 | 211.57 | +6.5% |
Annual averages
| Year | Average (EUR/mt) | Change |
|---|---|---|
| 2021 (year to date) | 219.27 | +23.8% |
| 2020 | 177.05 | +1.5% |
| 2019 | 174.48 | +0.3% |
| 2018 | 173.98 | +8.4% |
| 2017 | 160.53 | +8.2% |
| 2016 | 148.42 | -8.7% |
| 2015 | 162.48 | – |