Sharp Rise in Australian Wheat Export Prices

26-Aug-2026 01:45 PM

Sydney. Intense conflict in the Black Sea region is severely disrupting wheat export shipments from Russia and Ukraine. This has led to a tightening of global supplies for this vital food grain, even as demand from importing nations remains robust. Consequently, export offer prices for Australian wheat have surged to a three-year high.

Russia is the world's leading wheat exporter, and Ukraine is also a major supplier; supplies to Asian markets from both nations are being impacted. Australia’s wheat exports are primarily destined for China and Southeast Asian countries. Nations such as Indonesia, Malaysia, Vietnam, Thailand, Japan, South Korea, the Philippines, and Myanmar import significant quantities of Australian wheat.

The situation in Bangladesh differs slightly; it typically prioritizes wheat imports from Russia over Australia. However, with Russian shipments currently disrupted and Australian grain prices soaring, Bangladesh may now turn to Indian wheat. India has deregulated its wheat exports. On August 24, the Free-on-Board (FOB) export offer price for 'Australian Standard White' wheat—without protein guarantees—rose to $291 per tonne, an increase of $25 per tonne compared to July 6.