11.08.2025, 14:10
Wheat Prices in Kazakhstan Fall, Except for Feed Wheat — Chinese Demand Keeps Prices Afloat
Kazakhstan: falling wheat prices, rising feed wheat segment
The global wheat market continues its downward trend. As of August 8 trading on the Chicago Board of Trade (CBOT), the September wheat futures contract fell by 0.72% to $5.145 per bushel (about $188 per ton). Over the past month, prices have dropped by more than 6%, reflecting the impact of abundant seasonal supply.
A similar situation is observed on other trading platforms. On the Russian National Commodity Exchange, 4th-class wheat is trading at 17,182 RUB/t (CPT Novorossiysk delivery terms).
In Kazakhstan, the latest deals on the ETS Exchange were concluded on August 6 at the following prices (including VAT, EXW, from the elevator):
• 3rd class (25% gluten) — 95,000 KZT/t (a decrease of 7,000 KZT over the month)
• 4th class — 89,000 KZT/t (a decrease of 4,000 KZT over the month)
• 5th class — 85,000 KZT/t (an increase of 5,000 KZT over the month due to strong demand from processors supplying feed flour to China)
According to the July report from the Food and Agriculture Organization of the United Nations (FAO), the Cereal Price Index stood at 106.5 points, which is 0.8% lower than in June and 3.8% below the level of July last year. Analysts note that high seasonal supply in the Northern Hemisphere, where the winter wheat harvest is ongoing, exerts downward pressure on the market. However, less favorable weather conditions for spring wheat in some regions of North America, as well as limited farmer sales in Europe and the Black Sea region, have prevented prices from falling further.
An additional factor contributing to the decline came from Europe. France’s Ministry of Agriculture raised its forecast for the soft wheat harvest to 33.1 million tons, which is 29% higher than last year’s result. As of now, 94% of the harvest in the country has been completed. Higher production from one of the world’s largest suppliers adds further pressure to global prices.
Overall, the grain market is influenced by several factors: France’s record harvest, high seasonal supply, and restrained buyer activity. The exception is the segment of feed wheat in Kazakhstan, where prices are supported by demand from Chinese importers. In the coming weeks, key drivers of market dynamics will be the pace of the spring wheat harvest, export activity of supplier countries, and weather conditions in major producing regions.
