Global Wheat Market Summary

• Bangladesh approved the import of 270,000 tonnes of wheat, valued at approximately US$85.2 million, sourcing most of the volume from the United States while also purchasing from AgroCorp International. The decision reflects a preference for diversified, premium-quality suppliers over lower-cost alternatives, reinforcing the country's strategy of securing reliable wheat supplies and stabilizing domestic consumption.
• In Argentina, wheat planting reached 80.9 percent of the targeted 6.5 million hectares by early July, supported by favorable dry weather. The accelerated planting pace reduces the risk of delays and supports production prospects, although weather conditions will remain a key factor influencing final yields and global supply expectations.
• Armenia continued strengthening its grain supply chain by expanding the use of Azerbaijan's rail network for Russian wheat imports. More than 23,900 tonnes of wheat transited during the first half of 2026, demonstrating the importance of regional infrastructure investments in maintaining stable grain availability despite ongoing geopolitical complexities.
• Russia remained a dominant force in global wheat exports despite a modest decline in production forecasts. The Altai region recorded a 3.9-fold increase in wheat exports compared with the previous year, supported by strategic harvesting, export policy adjustments, and strong demand from markets including Kazakhstan and Vietnam. These developments underline Russia's continued ability to sustain export competitiveness while supporting grain supply across Central and Southeast Asia.