# Black Sea wheat prices on uptrend in 2022, mixed outlook for Russian exports 30.12.2021 - UkrAgroConsult

> Russia's move to cap wheat exports and rising domestic food security calls are expected to support Black Sea wheat prices in 2022. USDA sees Russian 2021-22 wheat production at 75.5 million mt and exports at 36 million mt, both down year on year. Ukrainian wheat production is estimated at 33 million mt with exports of 24.2 million mt.

- Date: 2021-12-30 · published 2021-12-30T12:00:00.000Z
- Category: policy · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/14525-black-sea-wheat-prices-on-uptrend-in-2022-mixed-outlook-for-russian-exports-30
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A Russian export cap removes a major supplier from world markets and tightens high-protein wheat supply, which is bullish for Black Sea and global wheat prices and raises feed grain costs.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-12-30 | [Commodities 2021: Bullish expectations for 2021 Black Sea wheat prices \| S&P Global](https://feedsoft.ai/events/49512-commodities-2021-bullish-expectations-for-2021-black-sea-wheat-prices-s-and-p.md) | +5.0% | +11.6% |
| WHEAT | 2022-04-07 | [Russia to keep fertiliser export quotas until next spring 07.04.2022 - UkrAgroConsult](https://feedsoft.ai/events/41770-russia-to-keep-fertiliser-export-quotas-until-next-spring-07-04-2022.md) | -2.1% | +4.4% |
| WHEAT | 2021-03-16 | [Consequences of state regulation of Russian wheat exports](https://feedsoft.ai/events/47998-consequences-of-state-regulation-of-russian-wheat-exports.md) | +0.8% | -4.1% |
| WHEAT | 2022-05-17 | [Global Wheat Prices Outlook For Australian Growers](https://feedsoft.ai/events/41375-global-wheat-prices-outlook-for-australian-growers.md) | -2.8% | -3.7% |
| WHEAT | 2023-12-08 | [Ban on onion exports, curbs on wheat stocks as govt. battles rising food prices \| Mint](https://feedsoft.ai/events/32650-ban-on-onion-exports-curbs-on-wheat-stocks-as-govt-battles-rising-food-prices.md) | -4.0% | +1.2% |
| KWHEAT | 2022-05-17 | [Global Wheat Prices Outlook For Australian Growers](https://feedsoft.ai/events/41375-global-wheat-prices-outlook-for-australian-growers.md) | -5.6% | -15.5% |
| KWHEAT | 2021-01-27 | [Analysts weigh up wheat price expectations, following Russian export curbs](https://feedsoft.ai/events/49197-analysts-weigh-up-wheat-price-expectations-following-russian-export-curbs.md) | -3.4% | +2.3% |
| KWHEAT | 2024-10-11 | [Exclusive: Russia sets price floor for wheat at international tenders, sources say](https://feedsoft.ai/events/27907-exclusive-russia-sets-price-floor-for-wheat-at-international-tenders-sources-say.md) | -2.5% | -6.9% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/black-sea-wheat-prices-on-uptrend-in-2022-mixed-outlook-for-russian-exports/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.