Competition between Russian and Ukrainian wheat intensifies in the Black Sea region
The physical wheat market remains subdued: export prices in Ukraine have hardly changed in a week, and buyers remain limited in activity. This was reported by analysts at Spike Brokers.
Thus, export prices on the CPT Odesa basis were recorded within the following limits:
- 11.5% protein — $219-218/t (-$1);
- feed — $215-215/t ($0).
Demand is concentrated mainly from Egypt (395 thousand tons), Spain (120 thousand tons) and Italy (36 thousand tons). Additional supplies are directed to Djibouti, Algeria and certain niche markets, forming a concentrated demand structure.
At the same time, competition in the Black Sea region is a key pressure factor — Russian wheat is actively offered on the market, forcing Ukrainian exporters to maintain a price discount. Amid expectations of a new harvest, importers are taking a wait-and-see approach, further constraining trade.
Meanwhile, FOB indications are held at $233-236/t, reflecting limited buyer activity.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon