High demand from Turkey caused price hikes in Russian wheat

High demand for Russian wheat from Turkey has caused wheat prices to increase by $11 per ton in only a week. Currently, FOB prices are reported to be around $235 per ton.
Turkey has become the biggest wheat importer in the world with $2.3 billion worth of imports in 2019 and Russian wheat imports accounted for around 53% of the total. The high demand for wheat imports is mainly due to wheat flour and pasta product exports from Turkey and the significant decline of wheat farmers by 48% over the past 12 years and 12% decline in cultivation areas in Turkey.