Russian Wheat Export Prices Dip Below $200/tonne Amidst Increased Sales

Wheat Trade in Russia (2021–2025)

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Wheat Trade in Russia (2021–2025)

1. Overview

Russia has solidified its position as one of the world’s leading wheat exporters in recent years. Between 2021 and 2025, various factors such as climate conditions, geopolitical events, and market trends influenced Russian wheat production and trade. This report provides a detailed analysis of wheat production, consumption, stock levels, and Russia’s wheat import and export activities over this period.


2. Wheat Production in Russia

Russia’s wheat production showed a positive trend between 2021 and 2025, driven by record harvests and improved farming techniques.

Year Production (Million Tons) Change (Million Tons) Change (%)
2021 75.5
2022 78.0 +2.5 +3.31
2023 80.5 +2.5 +3.21
2024 82.0 +1.5 +1.86
2025* 83.0 +1.0 +1.22

*Note: 2025 figures are based on forecasts.

🔹 Key Drivers:

  • 2021–2023: Expansion of cultivated areas and use of modern agricultural technologies.
  • 2024: Moderate increase despite regional weather challenges.
  • 2025: Expected further growth supported by government subsidies and agricultural investments.

3. Wheat Consumption in Russia

Domestic wheat consumption in Russia remained relatively stable, with slight increases due to rising demand in the food industry.

Year Total Consumption (Million Tons) Change (Million Tons) Change (%)
2021 41.0
2022 41.5 +0.5 +1.22
2023 42.0 +0.5 +1.20
2024 42.5 +0.5 +1.19
2025* 43.0 +0.5 +1.18

*Note: 2025 figures are based on forecasts.

🔹 Key Trends:

  • Food Industry: Increasing demand for wheat-based products such as bread and pasta.
  • Animal Feed: Stable consumption, driven by expanding livestock farming.

4. Wheat Stock Levels in Russia

Russia’s wheat stock levels fluctuated between 2021 and 2025, influenced by export volumes and domestic consumption.

Year Stock Levels (Million Tons) Change (Million Tons) Change (%)
2021 17.0
2022 18.5 +1.5 +8.82
2023 19.0 +0.5 +2.70
2024 18.0 -1.0 -5.26
2025* 17.5 -0.5 -2.78

*Note: 2025 figures are based on forecasts.

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🔹 Key Developments:

  • 2022–2023: Stockpiling due to high production and moderate exports.
  • 2024–2025: Slight decline as exports increase and domestic demand remains stable.

5. Wheat Imports and Exports in Russia

Russia primarily acts as a wheat exporter and imports only small amounts, mainly for specific processing needs.

Exports:

Year Export Volume (Million Tons) Main Destinations
2021 38.0 Egypt, Turkey, Bangladesh
2022 40.0 Egypt, Turkey, Nigeria
2023 41.5 Egypt, Turkey, Indonesia
2024 43.0 Egypt, Turkey, Pakistan
2025* 44.0 Egypt, Turkey, Sudan

*Note: 2025 figures are based on forecasts.

Imports:

  • Volume: Small imports of approximately 0.5 million tons annually.
  • Source Countries: Kazakhstan, Belarus.

🔹 Key Developments:

  • 2021–2023: Rising exports due to high yields and competitive pricing.
  • 2024–2025: Expected further export growth supported by trade agreements and market expansion.

6. Conclusion & Outlook

Between 2021 and 2025, Russia strengthened its position as a leading wheat exporter. Production steadily increased, while domestic consumption remained stable. Stock levels fluctuated but remained sufficient to meet demand.

Key Takeaways:

  • Production: Steady growth driven by expanded acreage and improved farming techniques.
  • Consumption: Moderate increase, mainly in the food industry.
  • Stock Levels: Slight fluctuations, but overall stable supply.
  • Trade: Strong exports, with Egypt and Turkey as key buyers.

For 2025, expectations point to continued production growth and stable exports, depending on global demand and geopolitical developments.


Source: Based on current market analysis and trade statistics.