Annual price dynamics: a decline of 24–30% by September 2025

The annual price dynamics in the domestic wheat market as of September 20, 2026, are characterized by a significant decrease in current prices compared to the same period of the previous year. The price decline is structural and is due to the disruption of export channels rather than seasonal factors. In September 2025, the market was influenced by active export demand and high conditions on global exchanges, which supported price levels at historic highs. In September 2026, the export flow decreased by 52–63 percent, leading to a reorientation of supply to the domestic market and pressure on spot prices.

The annual price dynamics on the domestic wheat market as of September 20, 2026, are characterized by a marked decline in current prices compared to the same period of the previous year. The price decrease is structural in nature and is due to the disruption of export channels rather than seasonal factors. In September 2025, the market was influenced by active export demand and high conditions on global exchanges, which supported price levels at historical highs. In September 2026, the export flow decreased by 52–63 percent, leading to a reorientation of supply to the domestic market and pressure on spot prices. According to estimates, Class 3 wheat in September 2025 cost 11,200–12,500 rubles/ton (EXW, excluding VAT), and in September 2026 — 8,500–9,500 rubles/ton. The absolute change is minus 2,700 – minus 3,000 rubles/ton, with an annual dynamic of minus 24% – minus 28%. Class 4 wheat: September 2025 — 10,100–11,300 rubles/ton, September 2026 — 7,600–8,575 rubles/ton, change — ...