# How Russia and Ukraine took over the wheat market

> Black Sea exporters are projected to control 49% of the hard wheat export market in 2018/19, up sharply from 12% in 2000/01. Russia's share of world hard wheat exports has grown to 29%.

- Date: 2019-02-01 · published 2019-02-01T12:00:00.000Z
- Category: trade · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/60647-how-russia-and-ukraine-took-over-the-wheat-market
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Black Sea dominance keeps global wheat pricing anchored to Russian and Ukrainian supply, limiting price spikes from other origins.

## Read by commodity

- WHEAT: neutral
- KWHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2019-02-13 | [Russian dominance over world wheat markets slows - Farmers Weekly](https://feedsoft.ai/events/60537-russian-dominance-over-world-wheat-markets-slows-farmers-weekly.md) | -8.5% | -12.7% |
| KWHEAT | 2023-11-02 | [Ag Market Update: Wheat Prices Drop, China Becomes Top Wheat Importer, and Soybean Complex Dynamics - IASG](https://feedsoft.ai/events/33221-ag-market-update-wheat-prices-drop-china-becomes-top-wheat-importer-and-soybean.md) | +2.3% | +0.5% |
| KWHEAT | 2018-10-18 | [Wheat exports, the key to higher prices](https://feedsoft.ai/events/62623-wheat-exports-the-key-to-higher-prices.md) | -4.6% | -7.7% |
| KWHEAT | 2022-07-21 | [Precipitation in the EU and the USA and the possible unblocking of Ukrainian ports increase the pressure on wheat prices 21.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/40541-precipitation-in-the-eu-and-the-usa-and-the-possible-unblocking-of-ukrainian.md) | -1.0% | -2.2% |
| KWHEAT | 2017-01-17 | [India imported 2.7 mn tonnes of wheat this fiscal](https://feedsoft.ai/events/72970-india-imported-2-7-mn-tonnes-of-wheat-this-fiscal.md) | -0.9% | +4.0% |
| WHEAT | 2019-01-21 | [Russian wheat market dominance grows - Milling and Grain](https://feedsoft.ai/events/61151-russian-wheat-market-dominance-grows-milling-and-grain.md) | +3.3% | +2.1% |
| WHEAT | 2017-02-07 | [News From Russia And Ukraine](https://feedsoft.ai/events/72350-news-from-russia-and-ukraine.md) | +0.4% | -0.2% |
| WHEAT | 2019-12-09 | [Conditions and prospects of the Russian grain market, competition with the EU and Ukraine – A.Korbut](https://feedsoft.ai/events/55440-conditions-and-prospects-of-the-russian-grain-market-competition-with-the-eu.md) | -3.5% | -0.6% |

## Sources

- farmprogress.com: https://www.farmprogress.com/wheat/how-russia-and-ukraine-took-over-the-wheat-market

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