Russian Wheat Guide

Wheat

Russia

Published Aug 30, 2021

Production Supply Chain

Is Russian wheat traded on commodity exchange?

Yes, Russian wheat is traded on the commodity exchange: St. Petersburg commodity exchange, MOEX (Moscow exchange), NYMEX, ICE, CME, LME, LIFFE, etc.

Seasonality of Main Producing Regions

When is the best time to buy wheat in Russia?

The best time to buy wheat in Russia is right after harvest (i.e. August-December) and right before sowing is commenced (January-March). These are when the price will be the cheapest. However, wheat is available for purchase all year round.

What grades of wheat are present in the international market?

Hard Red Winter (HRW) is hard red winter wheat. It accounts for approximately 45% of the raw materials produced
Soft Red Winter (SRW) is soft red winter wheat. It accounts for approximately 15-25% of the raw materials produced
Hard Red Spring (HRS) is hard red-grain spring wheat. It accounts for approximately 25% of production
Black Sea Wheat (BSW) - Black Sea wheat is produced in Russia, Ukraine, and Romania. It accounts for approximately 3-5% of production

What kind of wheat is being exported from Russia?

Mainly exported wheat products from Russia are wheat and meslin (99%), durum wheat (0.7%), and wheat and meslin seed (0.3%).

Trade Overview

What are the main importing countries of Russian wheat?

No	Country	2020 Export Value (in USD million)	Share, %
1	Egypt	1,796	22.7%
2	Turkey	1,686	21.3%
3	Bangladesh	408.9	5.2%
4	Azerbaijan	284.5	3.6%
5	Sudan	277.2	3.5%
6	Nigeria	207.2	2.6%
7	Yemen	174.3	2.2%
8	UAE	146.0	1.8%
9	Kenya	125.5	1.6%
10	South Africa	115.0	1.5%
11	Philippines	110.1	1.4%
12	Israel	107.4	1.4%
13	Vietnam	105.2	1.3%
14	Georgia	90.0	1.1%
15	Morocco	89.7	1.1%
16	Oman	88.7	1.1%
17	Sri Lanka	88.6	1.1%
18	Kazakhstan	86.4	1.1%
19	Cameroon	81.8	1.0%
20	Mozambique	76.3	1.0%
	Total	7,918	100%

Local Logistics

What seaports have grain terminals in Russia?

The largest seaport with the largest capacity to transship wheat is Novorossiysk. Russia's grain terminals are also found in Azov, Taman, Rostov-on-Don, Tuapse, Yeisk, Taganrog, and St. Petersburg. It is mainly southern seaports. The largest seaport with the largest capacity to transship the wheat is Novorossiysk. Also, grain terminals can be found in Azov, Taman, Rostov-on-Don, Tuapse, Yeisk, Taganrog, St. Petersburg. These ports are oriented for wheat export and allow quick shipments.