# Black Sea wheat sharply lower on new crop prospects, Russian farmers hope that the tax will be lifted in 2021 - The Sizov Report blog

> Black Sea 12.5% wheat prices in deep-sea ports fell $21 to $253/t last week amid very low buyer demand. Chicago and Paris wheat lost more than 2% week on week, and IKAR raised its Russian crop estimate to 79.8 million tonnes. Russian farmers hope export taxes will be lifted after September elections.

- Date: 2021-03-29 · published 2021-03-29T12:00:00.000Z
- Category: policy · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/48192-black-sea-wheat-sharply-lower-on-new-crop-prospects-russian-farmers-hope-that
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Weak demand and rising Russian crop estimates keep wheat export prices under pressure. Continued export taxes limit farm selling, but global 2020/21 supply remains tight.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-07-26 | [Global wheat rally revives India's export prospects as government allows 5 million tonnes of wheat exports after a four-year ban - The Economic Times](https://feedsoft.ai/events/18287-global-wheat-rally-revives-india-s-export-prospects-as-government-allows-5.md) | -2.4% | +2.9% |
| WHEAT | 2026-06-29 | [Russia Extends Zero Wheat Export Duties, Pressuring Black Sea and Polish Grain Prices — CMB News](https://feedsoft.ai/events/14109-russia-extends-zero-wheat-export-duties-pressuring-black-sea-and-polish-grain.md) | +0.6% | +4.4% |
| WHEAT | 2026-10-20 | [Government lifts ban on wheat exports, cites farmers’ interests amid depressed local prices – Waqt Di Awaz](https://feedsoft.ai/events/17085-government-lifts-ban-on-wheat-exports-cites-farmers-interests-amid-depressed.md) | -0.7% | — |
| WHEAT | 2023-01-07 | [PMGKAY off the table, Govt looks at a rethink on wheat export ban \| India News - The Indian Express](https://feedsoft.ai/events/37762-pmgkay-off-the-table-govt-looks-at-a-rethink-on-wheat-export-ban-india-news-the.md) | -2.6% | -3.0% |
| WHEAT | 2017-11-10 | [India's wheat import tariff weighs on prices for Black](https://feedsoft.ai/events/67961-india-s-wheat-import-tariff-weighs-on-prices-for-black.md) | +0.9% | +1.0% |
| KWHEAT | 2026-07-26 | [Global wheat rally revives India's export prospects as government allows 5 million tonnes of wheat exports after a four-year ban - The Economic Times](https://feedsoft.ai/events/18287-global-wheat-rally-revives-india-s-export-prospects-as-government-allows-5.md) | -5.1% | +1.5% |
| KWHEAT | 2026-02-13 | [India Relaxes Wheat Export Curbs to Appease Protesting Farmers - Bloomberg](https://feedsoft.ai/events/20582-india-relaxes-wheat-export-curbs-to-appease-protesting-farmers-bloomberg.md) | +3.3% | +11.7% |
| KWHEAT | 2025-07-10 | [Russia orders measures to boost agriculture exports after wheat sales fall in July](https://feedsoft.ai/events/14189-russia-orders-measures-to-boost-agriculture-exports-after-wheat-sales-fall-in.md) | +3.4% | +1.2% |

## Sources

- blog.sizov.report: https://blog.sizov.report/black-sea-wheat-sharply-lower-on-new-crop-prospects-russian-farmers-hope-that-the-tax-will-be-lifted-in-2021/

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