Russian wheat export prices at highest since Aug, shipments on rise

MOSCOW: Russian wheat export prices rose to their highest since August last week, tracking rising global prices and as shipments from ports picked up pace as the weather improved, analysts said.

The price of Russian wheat with 12.5percent protein content for free-on-board (FOB) delivery in April was USD238 a metric ton at the end of last week, up USD2.0 from a week earlier, Dmitry Rylko, head of the IKAR consultancy, said.

Sovecon estimated the price for Russian wheat with 12.5percent protein at USD238 to USD240 a ton FOB, compared with USD234 to USD236 the previous week.

“Russian FOB prices hit their highest since August 2025, when they reached USD240 a metric ton. The rise was supported by stronger global futures and firmer export quotes from key competitors. Demand looks strong and shipment pace is accelerating,” Andrey Sizov, the head of Sovecon said.

Sovecon estimated wheat exports at 3.8 million tons in March, while IKAR has raised its estimate to between 4.1 million and 4.4 million tons, up from over 3.5 million tons previously.