Flour Price Trend and Forecast 2026-2027

Germany paid the most for wheat flour in Q3 2026: USD 570/MT, up 1.4% from USD 562/MT in Q2. High energy costs, quality grades and steady demand from bakeries and food makers keep German prices above the other three markets. Worldwide, the average rose 1.4% to USD 450/MT from USD 444/MT, mostly because higher wheat and energy costs and firm demand from bakeries and food makers led millers to raise prices in all four markets. What about Q4 2026? We expect a global average somewhere in the USD 440-475/MT range, with wheat prices, harvest results, energy costs, demand from bakeries and food makers and export demand doing most of the work.

Flour is the fine powder made by milling wheat, and it is the base of bread, pasta, pastries, biscuits and many processed foods. It is sold by protein and ash content to bakeries, food makers and retailers. Prices in this report refer to standard bread making wheat flour in bulk and are quoted per metric ton. They depend on wheat prices, energy costs and demand from bakeries and food makers.

Millers clean and condition the wheat, break it through rollers and sift the flour from the bran. Wheat makes up most of the cost, so flour prices follow wheat futures and local grain markets. Russia, Turkey, the United States and the European Union are large producers and exporters. Bulk flour moves in tankers and bags to bakeries, and Turkey is a large exporter of flour to the Middle East and Africa.

Flour Price Forecast for 2026

Prices should rise modestly through the rest of 2026. Wheat and energy costs are firm and demand from bakeries and food makers is steady. Large wheat supplies in Russia limit the size of the increase. Against USD 432/MT in Q3 2025, the current global average of USD 450/MT represents an increase of 4.2%.

The risks for Q4 are balanced, with no clear tilt either way. What could push prices higher? Poor wheat harvests, higher wheat or energy prices or stronger export demand would lift prices. What could pull them lower? Larger harvests, lower wheat or energy prices or weaker demand from bakeries would lower prices.

For the Quarter Ending September 2026

Flour Prices Q3 2026:

• Russia: USD 330/MT
• Turkey: USD 380/MT
• United States: USD 520/MT
• Germany: USD 570/MT

Flour Prices in Russia

Prices in Russia firmed 1.5% in Q3 2026 to USD 330/MT, compared with USD 325/MT in Q2. Russian prices rose as the demand from bakeries and export buyers improved. Year on year, the average is 4.8% higher, against USD 315/MT in Q3 2025. The four markets averaged USD 450/MT in the quarter, so the price in Russia was 26.7% lower.

Why did the price of Flour change in Q3 2026 in Russia?

Russia rose. Demand from bakeries and export buyers improved, wheat costs increased, and millers raised prices. Since the end of 2025, the price in Russia has risen 3.4%, from USD 319/MT to USD 330/MT, while the global average has risen 3.2%. The global average shifted 1.4% higher in the same quarter. The quarterly change in Russia was 1.5%.

Flour Prices in Turkey

Turkey recorded a 1.3% gain in Q3 2026, with the average reaching USD 380/MT against USD 375/MT in Q2. Turkish prices rose as the demand from export buyers improved. The current level is 4.1% above the Q3 2025 average of USD 365/MT. In comparison with the average of USD 450/MT across the four markets, the price in Turkey was 15.6% lower.

Why did the price of Flour change in Q3 2026 in Turkey?

Turkey rose. Demand from export buyers improved, wheat costs increased, and millers raised offers. The cumulative 2026 change for Turkey is a 3.3% increase, from USD 368/MT to USD 380/MT, while the global average shows a 3.2% gain over the same period. Across the four markets the average was 1.4% higher on the quarter.

Flour Prices in United States

The Q3 2026 average for the United States stood at USD 520/MT, an increase of 1.2% on the USD 514/MT recorded in Q2. American prices rose as the demand from bakeries and food service improved. A year earlier, in Q3 2025, the average stood at USD 501/MT, which makes the current price 3.8% higher. The United States ended the quarter 15.6% above the group average of USD 450/MT.

Why did the price of Flour change in Q3 2026 in United States?

The United States rose. Demand from bakeries and food service improved, wheat costs increased, and millers raised prices. At USD 520/MT, the United States is 2.8% higher than in Q4 2025, when the average was USD 506/MT, and the global average is 3.2% higher over the same period. On the global measure the average was 1.4% higher over the quarter.

Flour Prices in Germany

Germany registered a 1.4% increase in Q3 2026, taking the average to USD 570/MT from USD 562/MT in Q2. German prices rose as the demand from bakeries and food makers improved. Taking Q3 2025 as the base, at USD 546/MT, the latest quarter is 4.4% higher. The price in Germany was 26.7% above the group average of USD 450/MT in Q3 2026.

Why did the price of Flour change in Q3 2026 in Germany?

Germany rose. Demand from bakeries and food makers improved, wheat costs increased, and millers raised prices. This leaves Germany 3.3% higher than at the end of 2025, when the average was USD 552/MT, while the global average is 3.2% higher over the same period. For comparison, the global average moved 1.4% higher over the same quarter.

For the Quarter Ending June 2026

Flour Prices Q2 2026:

• Russia: USD 325/MT
• Turkey: USD 375/MT
• United States: USD 514/MT
• Germany: USD 562/MT

Flour Prices in Russia

Russia registered a 0.9% increase in Q2 2026, taking the average to USD 325/MT from USD 322/MT in Q1. Russian prices rose as the demand from bakeries strengthened. Measured against Q2 2025, when the average stood at USD 309/MT, the market is 5.2% higher. This places Russia 26.8% below the four-market average of USD 444/MT for Q2 2026.

Why did the price of Flour change in Q2 2026 in Russia?

Russia rose. Demand from bakeries strengthened, wheat costs went up, and millers lifted prices. Coming after a 0.9% gain in Q1, the Q2 figure sits 5.2% above the USD 309/MT of Q2 2025. The same direction continued in Q3, with the price reaching USD 330/MT. For comparison, the global average moved 0.9% higher over the same quarter.

Flour Prices in Turkey

Turkey climbed 1.1% to USD 375/MT in Q2 2026, from USD 371/MT in Q1. Turkish prices rose as the demand from export buyers strengthened. In Q2 2025 the average was USD 359/MT, so the market is 4.5% higher on a yearly basis. Against the four-market average of USD 444/MT, Turkey stood 15.5% below in the quarter.

Why did the price of Flour change in Q2 2026 in Turkey?

Turkey rose. Demand from export buyers strengthened, energy costs went up, and millers lifted offers. The 0.8% gain in Q1 set the base, and Q2 finished 4.5% above the USD 359/MT recorded a year earlier. Q3 added to the change, with the price at USD 380/MT. The global average shifted 0.9% higher in the same quarter.

Flour Prices in United States

In Q2 2026, the average price in the United States rose 1.0% to USD 514/MT, compared with USD 509/MT in Q1. American prices rose as the demand from bakeries strengthened. This represents a 4.3% increase on the USD 493/MT recorded in Q2 2025. The United States finished Q2 2026 15.8% above the four-market average of USD 444/MT.

Why did the price of Flour change in Q2 2026 in United States?

The United States rose. Demand from bakeries strengthened, labor costs went up, and millers lifted prices. This followed a 0.6% gain in Q1 and left the United States 4.3% above its Q2 2025 average of USD 493/MT. The move then extended in Q3, taking the price to USD 520/MT. Across the four markets the average was 0.9% higher on the quarter.

Flour Prices in Germany

Germany's average moved up 0.9% in Q2 2026, to USD 562/MT from USD 557/MT in Q1. German prices rose as the demand from bakeries strengthened. The year-on-year change is a 5.0% increase, from USD 535/MT in Q2 2025. The four markets averaged USD 444/MT in the quarter, so the price in Germany was 26.6% higher.

Why did the price of Flour change in Q2 2026 in Germany?

Germany rose. Demand from bakeries strengthened, energy costs went up, and millers lifted prices. After a 0.9% gain in Q1, the quarter closed 5.0% above the USD 535/MT recorded in Q2 2025. The same direction continued in Q3, with the price reaching USD 570/MT. On the global measure the average was 0.9% higher over the quarter.

Quarterly Flour Price Trends

Flour prices rose through 2025 and the first half of 2026 and rose again in the third quarter in all four markets. The global average moved from USD 418/MT in Q1 2025 to 424 in Q2, 432 in Q3 and 436 in Q4, then 440 in Q1 2026, 444 in Q2 and 450 in Q3, a net gain of roughly 7.7% across the window. Higher wheat and energy costs and steady demand from bakeries and food makers lifted prices for six quarters.

What was Flour Price in 2025?

2025 was a year of gradual increases for wheat flour, with prices rising in each quarter in all four markets. Starting near USD 418/MT in Q1, the global average finished the year at 436 in Q4, a gain of about 4.3%. Higher wheat and energy costs and steady demand from bakeries and food makers supported millers throughout the year.

Flour Prices in Russia in 2025

In Russia, prices moved from about USD 304/MT in Q1 2025 to USD 319/MT by Q4, up roughly 4.9%. Russian prices rose gradually as wheat costs and demand from bakeries increased. The latest quarter places Russia at USD 330/MT, which is 3.4% above the level at which 2025 ended. The quarterly sections above show how the annual average developed over the year.

Flour Prices in Turkey in 2025

In Turkey, prices moved from about USD 354/MT in Q1 2025 to USD 368/MT by Q4, up roughly 4.0%. Turkish prices rose gradually as the energy costs and demand from export buyers increased. Since the 2025 close of USD 368/MT, the price in Turkey has moved up 3.3%, reaching USD 380/MT in Q3 2026.

Flour Prices in United States in 2025

In the United States, prices moved from about USD 486/MT in Q1 2025 to USD 506/MT by Q4, up roughly 4.1%. American prices rose gradually as the labor costs and demand from bakeries increased. At USD 520/MT in Q3 2026, the United States stands 2.8% above its Q4 2025 close. The same regional pattern is carried into the quarterly analysis above, where the quarter-by-quarter figures can be traced.

Flour Prices in Germany in 2025

In Germany, prices moved from about USD 526/MT in Q1 2025 to USD 552/MT by Q4, up roughly 4.9%. German prices rose gradually as the energy costs and demand from bakeries increased. The Q4 2025 close of USD 552/MT compares with USD 570/MT in Q3 2026, a 3.3% increase. The quarterly sections above show how the annual average developed over the year.

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We keep a continuous eye on wheat flour prices wherever it is produced or consumed at scale, tracing causation through wheat prices, harvest results, energy costs, freight and demand from bakeries, food makers and export buyers. Our forecasts draw on production data, trade flows, input cost trends and demand indicators across all reporting regions, so subscribers see why a price moved and not just that it did. Need pricing data, bespoke market analysis, or procurement advisory? Reach out to our team.