According to Forbes, citing the analytical center SovEcon, Russian wheat prices in deep-water ports fell to $209 per ton in early June—a $1 drop per week and the lowest since September 2023. Buyer prices also declined to $240–243 per ton, down from $248–250 the previous week.
Export Profitability Under Pressure
Experts warn that despite high production forecasts, a strengthening ruble and low global prices are eroding profit margins. The Russian Grain Exporters and Producers Union projects 132–138 million tons of total grain output in 2025, including 85–90 million tons of wheat. However, dry autumn and low winter snowfall have raised concerns over yield potential.
Farmers Face Tough Choices
With shrinking profitability, farmers are reducing wheat acreage, prompting government plans to increase subsidies. The global market remains sluggish, with the International Grains Council reporting a 2.4% drop in world wheat prices year-on-year due to oversupply and reduced demand from key importers like Egypt and Turkey.
While Russia anticipates a strong harvest, external and domestic challenges—currency fluctuations, weather risks, and weak export demand—threaten farmer incomes. Strategic government support and diversification may be critical to sustaining long-term agricultural resilience.
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