# Russian Wheat Prices Jump With Global Benchmarks And Strong Demand | ESM Magazine

> Russian wheat export prices rose sharply in the week to August 28 after Chicago and Paris futures gained and Egypt bought 530,000 tonnes for October shipment. IKAR priced 12.5% protein wheat at $211 a tonne FOB, up $9, and Sovecon priced it at $206. Russian harvest was 67% complete and some Novorossiysk rail car limits were reported.

- Date: 2020-08-31 · published 2020-08-31T12:00:00.000Z
- Category: trade · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/51464-russian-wheat-prices-jump-with-global-benchmarks-and-strong-demand-esm-magazine
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Strong import demand from Egypt and higher futures lift Black Sea wheat export values, supporting global wheat and feed-grain prices. Rail constraints at Novorossiysk add logistical tightness.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2020-09-08 | 5 | +9.7% | 3.9 | Russian export prices jumped with Chicago and Paris futures and Egypt bought 530,000 t, confirming strong demand and a firm global wheat benchmark in the week before the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-09-30 | [Russian wheat export prices rise on import demand - Markets - Business Recorder](https://feedsoft.ai/events/22955-russian-wheat-export-prices-rise-on-import-demand-markets-business-recorder.md) | +0.4% | +5.9% |
| WHEAT | 2017-10-10 | [E-Malt.com News article: Russia: Barley and wheat export prices rise amid strong demand from buyers](https://feedsoft.ai/events/68521-e-malt-com-news-article-russia-barley-and-wheat-export-prices-rise-amid-strong.md) | +0.2% | -3.8% |
| WHEAT | 2021-08-30 | [Russian wheat export prices up - Markets - Business Recorder](https://feedsoft.ai/events/45619-russian-wheat-export-prices-up-markets-business-recorder.md) | +0.2% | +0.5% |
| WHEAT | 2019-01-20 | [Russian wheat prices on rise \| Farm Online \| ACT](https://feedsoft.ai/events/7656-russian-wheat-prices-on-rise-farm-online-act.md) | +3.3% | +2.1% |
| WHEAT | 2022-03-16 | [Strong Asian rice demand for animal feed sparks food supply worries](https://feedsoft.ai/events/11337-strong-asian-rice-demand-for-animal-feed-sparks-food-supply-worries.md) | +14.5% | +4.4% |

## Sources

- esmmagazine.com: https://www.esmmagazine.com/supply-chain/russian-wheat-prices-jump-with-global-benchmarks-and-strong-demand-107593

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