Global price of Wheat
This dataset tracks global price of wheat over time.
Latest Value
173.19
Year-over-Year Change
-15.61%
Date Range
1/1/1990 - 6/1/2025
Summary
The Global Price of Wheat measures the average price of wheat in global commodity markets. This key agricultural commodity price is closely watched by economists, policymakers, and market participants.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Global Price of Wheat, measured by the PWHEAMTUSDM series, represents the average export unit value of wheat traded internationally. It serves as an important barometer for the global supply and demand dynamics of this staple food grain.
Methodology
The data is collected and calculated by the World Bank based on prices reported by exporting countries.
Historical Context
Wheat prices influence food costs, inflation, and agricultural trade policy.
Key Facts
- Wheat is a leading global food staple, accounting for 20% of the world's caloric intake.
- The Global Price of Wheat has risen over 50% since 2020 due to supply chain disruptions.
- Wheat prices can significantly impact the cost of bread, pasta, and other wheat-based foods.
FAQs
Q: What does this economic trend measure?
A: The Global Price of Wheat measures the average export unit value of wheat traded internationally.
Q: Why is this trend relevant for users or analysts?
A: Wheat prices are a key indicator for global food costs, agricultural trade, and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on prices reported by exporting countries.
Q: How is this trend used in economic policy?
A: Wheat prices influence policy decisions around agricultural subsidies, food security, and trade agreements.
Q: Are there update delays or limitations?
A: The Global Price of Wheat data may have a 1-2 month lag in reporting due to the time required to aggregate international trade statistics.
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Citation
U.S. Federal Reserve, Global price of Wheat (PWHEAMTUSDM), retrieved from FRED.