The difference between feed and milling wheat in Ukraine reached a record $32

Source:  Latifundist
гривня

As of August 12, the price difference between feed and milling wheat in Ukraine was 1,350 UAH/t ($32) — a record for the season. This was reported by broker Volodymyr Levkovsky.

The reason for this spread is the weather, which affected the quality of the harvest: a significant part of the high-quality wheat lost its quality characteristics and went into the feed grade. As a result, the market received a large amount of feed wheat, which caused its price to drop significantly, while the supply of high-quality wheat decreased, maintaining a high premium for quality.

Experts advise farmers who have feed wheat to hold onto the goods until the market “digests” the excess supply. Instead, high-quality wheat should be sold now, while its price remains high.

Purchase prices as of August 12:

Wheat:
• Grade 4 — 9,650 UAH/t (protein 9%) | 10,050 UAH/t (protein 10.5%),
• Grade 3 — 10,600 UAH/t (protein 11+) | 10,750 UAH/t (protein 11.5%),
• Grade 2 — 10,900 UAH/t,
Soybean — 18,500 UAH/t,
Barley — 10,300 UAH/t,
Sunflower — 26,200 UAH/t.

Currently, the harvesting campaign is practically complete — about 90% of the areas have been processed.

Discover more about аgri market developments at the 11 International Conference BLACK SEA OIL TRADE on September 23 in Bucharest! Join agribusiness professionals from 25+ countries for a powerful start of the oilseed season!

Tags: , ,

Got additional questions?
We will be happy to assist!