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.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Palm oil prices rise to a 20-month high
Spain prepares €470 mln deal that could create a new olive oil giant
Zimbabwe proposes limiting vegetable oil imports and reducing the cost of wheat im...
Grain hopper rates in Ukraine could rise 3–4 times this autumn due to port disrupt...
Wheat, corn and soybean prices rose in Chicago on Wednesday
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon