Grain prices in Ukraine

Prices for agri commodities, Ukraine, EXW, UAH/t

Period
Wheat price
Barley price
Corn price
08.01.2024
4900
4400
5250
15.01.2024
5000
4500
5250
22.01.2024
4950
4500
5050
29.01.2024
4950
4500
5050
05.02.2024
4950
4500
5050
12.02.2024
5100
4750
4950
19.02.2024
5100
4750
4950
26.02.2024
5100
4750
4750

Prices for agri commodities

Period
Grain Wheat France (FOB USD/mt)
Grain Wheat EU Black Sea (FOB USD/mt)
Grain Barley France (FOB USD/mt)
Grain Barley EU Black Sea (FOB USD/mt)
Grain Corn Argentina (FOB USD/mt)
Grain Corn EU Black Sea (FOB USD/mt)
29.02.2024
222
212.5
206
187.5
188
192.5
28.02.2024
223
212.5
206
187.5
185
192.5
27.02.2024
221
212.5
204
187.5
184
192.5
26.02.2024
225
217.5
219
187.5
171
192.5
23.02.2024
227
217.5
219
187.5
174
192.5
22.02.2024
224
217.5
214
187.5
177
192.5
21.02.2024
222
217.5
195
187.5
183
192.5
20.02.2024
215
222.5
196
187.5
181
197.5
19.02.2024
224
222.5
204
187.5
181
197.5
16.02.2024
225
222.5
204
187.5
182
197.5
15.02.2024
225
222.5
204
187.5
185
197.5

Analytical Reports

Current grain prices

  • Feed wheat price: 5100 UAH per ton
  • Corn price: 4750 UAH per ton
  • Barley price: 4750 UAH per ton

2024 wheat price movements in Ukraine

Wheat prices in Ukraine are constantly changing. To trade in this commodity successfully, it is important to know near-term forecasts for its cost. A lot of factors affect the price: grain export market trends, grain quality, supply and demand, competition, wheat stocks available in storage and many others. So, the key wheat pricing factors include the grain quality.

Classification of grain quality parameters

Grain quality control is an important step in preparing the wheat for export or storage. In a highly competitive world market, ensuring the proper quality of the commodity is an especially relevant point.

The suitability of grain and, correspondingly, the cost of wheat in 2024 is determined by the following characteristics:

  • physical and chemical;
  • biological;
  • technological;
  • consumer characteristics.

At the same time, there are universal criteria for determining the wheat quality:

  1. Freshness. Grain is graded based on its kernel size, odor, color, and other external characteristics. Wheat that ripened under optimal conditions is almost odorless, bright in color, has 5-10 mm-sized, filled, slightly hairy kernels.
  2. Pest infestation. Wheat is to be clean and free from insect infestations. Infestation is expressed by the presence of live insects in 1 kg of grain.
  3. Moisture content. It is expressed as a percentage of the amount of absorbed liquid per weight unit. Permissible moisture content for wheat is 14.5%. Upon mutual agreement between the seller and the buyer, wheat with above-standard moisture content may be accepted, but the price per ton will be lower.
  4. Impurities. Percentage content of various impurities in the grain parcel – waste and broken substandard kernels.

The above criteria are used to identify the wheat grade, which determines the grain’s price per ton and suitability for subsequent processing.

How much does wheat cost in Ukraine in 2024?

Wheat pricing is influenced by many factors. The following ones are considered to be most important:

  • size of the wheat crop
  • competition and price behavior in the world market
  • behavior of other grains’ prices
  • availability of carryovers from last year in granaries;
  • analyst forecasts for next year’s crop.

The pricing factors include behavior of grain traders, who provide loans to wheat producers secured by the future harvest. In particular, grain traders’ purchasing prices reflect price fluctuations in the global wheat market.

Almost all wheat buyers make so-called forward grain purchase deals several months before the actual harvest. Through these contracts, farmers can partially finance growing the future wheat crop. The forward deals are priced based on market expectations for wheat demand from major global buyers, production costs, past trends and other indicators.

 

How are wheat sales made?

Selling wheat on the domestic market or for export is not easy and requires many factors to be taken into account. The selling process itself can be divided into the following stages:

  1. Assessment of the grain quality and prospective volumes for sale.
  2. Choosing the buyer giving the best price. You can try to sell wheat yourself or trust an experienced trader.
  3. Sale time. Selling wheat immediately after harvest is often unprofitable: the price per ton falls due to market oversaturation. It is possible to hold back the grain, provided there is a good silo where your wheat will retain all its properties. Otherwise, the price may sink greatly.

If you are going to sell wheat for export, there are some legal details to be aware of. To avoid wasting time and money, contact a reliable intermediary who will complete all the documents, find a good buyer, and help carry out the transaction from start to finish.

FAQs

What types of grain crops are commonly grown in Ukraine?

Grain crops such as wheat, corn, barley, rapeseed, sunflower, soybean and others are usually grown in Ukraine. Ukraine is one of the leading producers of grain crops in the world.

What factors affect grain prices in Ukraine?

Grain prices in Ukraine depend on a number of factors, including weather conditions, yields, domestic and international supply and demand, world grain prices, economic conditions and exchange rates.

How to follow current grain prices in Ukraine?

You can subscribe to news and analytical reports from industry experts of Ukragrokonsult, who monitor and analyze market trends.

Can I get information about grain prices in other countries on the Ukragroconsult portal?

Thus, Ukragroconsult provides information on grain prices not only in Ukraine but also in other countries. This helps to form a general understanding of the global grain market and to observe trends and price changes in different regions of the world.

How to get access to analytical materials and forecasts on the Ukragroconsult portal?

To get access to the analytical materials and forecasts, you need to register and get paid or free access according to the available service packages.