Russia's buckwheat prices rise again
Grain prices in Russia have risen again, with buckwheat reaching an average of 85.6 rubles per kilogram by August 17, driven by reduced planting areas and lower yields, while retailers have been selling at a loss for six months.
Consensus
- The average price of buckwheat in Russia on August 17 was 85.6 rubles per kilogram.
- The price increase is due to reduced planting areas and declining yields.
- In 2026, the harvest may be 50,000 to 100,000 tons lower than needed.
- Wholesale prices for agricultural producers increased by 70.4% year-on-year in June.
- Retailers have been selling the most affordable grain products below purchase cost for six consecutive months.
- The margin for these products was -11% in mid-August.
- Producer prices for grain rose by 20.2% year-on-year in June.
Points of divergence
- Industrial producer prices in Russia fell by 2.5% in July 2026 compared to June, after a 0.1% decrease in June. — interfax
- Prices for industrial producers in the mining sector dropped by 14.2% in July, with oil and gas extraction falling by 20.7%. — interfax
- Prices in the processing industries rose by 0.6% in July compared to June. — interfax
- Prices for electricity, gas, and steam supply fell by 1.8% in July, while waste management prices rose by 1.2%. — interfax
- Market analysts expected a 0.7% increase in industrial producer prices in July, but the actual result was a decline. — interfax
Coverage (6 sources)
- Why is buckwheat becoming more expensive in Russia again? — Дождь
- In Russia buckwheat prices rise again — Дождь (Telegram)
- Prices of industrial producers in Russia fell by 2.5% in July after a 0.1% drop in June — Интерфакс
- Price increase on sugar in the Russian Federation from August 11 to 17 slowed to 0.5%, eggs rose by 0.2% — Интерфакс
- Decrease in prices on vegetables and fruits in the Russian Federation for a week accelerated twice to 2.1% — Интерфакс
- Food producers in Russia raised prices on their products by 1.2% in July — Интерфакс