Lack of active demand and significant surpluses limit the potential for recovery in Ukrainian wheat prices
The Black Sea region wheat market remains highly competitive – Russian products hold their positions, while Ukrainian products attract with lower prices.
However, significant remnants of the old harvest and the lack of active demand limit the potential for price recovery in the short term. This is reported by analysts at Spike Brokers.
Thus, export prices (CPT Odesa) have significantly decreased over the week:
- milling wheat has fallen to $219/t (-$3);
- feed wheat has adjusted to $215/t (-$1).
Meanwhile, FOB positions are maintained at around $233-235/t.
Export geography is concentrated in certain directions: since the beginning of April, 362 thousand tons of wheat have been shipped, of which the main volumes fall on Egypt (170 thousand tons), Spain (78 thousand tons), Djibouti and Algeria.
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.
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