# Analysts weigh up wheat price expectations, following Russian export curbs

> Wheat prices rose from $415 to $450 per tonne in January after Russia, the largest wheat exporter, announced export taxes and grain export quotas. Analysts say the taxes, starting in February, aim to cut domestic prices and offset pandemic-related recession risk. The measures are expected to disrupt international supply.

- Date: 2021-01-27 · published 2021-01-27T12:00:00.000Z
- Category: policy · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/49197-analysts-weigh-up-wheat-price-expectations-following-russian-export-curbs
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Russian export taxes and quotas restrict the world's largest wheat supply source, lifting international prices. Buyers may need to shift to other origins, which keeps global wheat prices firm.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| WHEAT | 2021-10-08 | [New Russia Wheat Export Restrictions Feared](https://feedsoft.ai/events/44408-new-russia-wheat-export-restrictions-feared.md) | +1.6% | +13.2% |
| 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 | 2020-01-29 | [Russian wheat export forecast cut on weak pace and low crop - The Sizov Report blog](https://feedsoft.ai/events/54924-russian-wheat-export-forecast-cut-on-weak-pace-and-low-crop-the-sizov-report.md) | -0.4% | +2.9% |
| WHEAT | 2023-05-24 | [Ban on wheat exports, curbs on rice shipments to stay](https://feedsoft.ai/events/35894-ban-on-wheat-exports-curbs-on-rice-shipments-to-stay.md) | -2.4% | -2.7% |
| 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% |
| KWHEAT | 2021-12-30 | [Black Sea wheat prices on uptrend in 2022, mixed outlook for Russian exports 30.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/14525-black-sea-wheat-prices-on-uptrend-in-2022-mixed-outlook-for-russian-exports-30.md) | -4.5% | -3.8% |
| KWHEAT | 2025-01-30 | [Russian wheat prices jump to highest since June on falling supply \| S&P Global](https://feedsoft.ai/events/26558-russian-wheat-prices-jump-to-highest-since-june-on-falling-supply-s-and-p-global.md) | +2.0% | -1.6% |

## Sources

- businessamlive.com: https://businessamlive.com/analysts-weigh-up-wheat-price-expectations-following-russian-export-curbs/

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