The spread between milling and feed wheat in Ukraine remains narrow
Ukraine exported 848 thousand tons of wheat in May. Exports were concentrated mainly in North Africa and the Middle East. This was reported by analysts at Spike Brokers.
Main export destinations:
- Egypt — 331.1 thousand tons;
- Algeria — 240 thousand tons;
- Yemen — 107 thousand tons;
- Tunisia — 40.1 thousand tons;
- Spain — 31.5 thousand tons;
- Greece — 23.9 thousand tons;
- Lebanon — 21.2 thousand tons;
- Indonesia — 20.7 thousand tons.
“Such a structure leaves Ukrainian wheat in the segment of price competition with other Black Sea origins before the transition to a new crop,” the brokers noted.
Meanwhile, the Ukrainian physical market has changed minimally. The spread between milling and feed quality remains narrow, limiting the scope for more aggressive pricing in the old crop. Prices on CPT Odesa were fixed within the limits:
- for milling wheat — $224/t (+$1);
- for feed wheat — $219/t.
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
EU risks becoming dependent on China amid aviation fuel feedstock shortages
Ukraine to compensate shipowners for up to 80% of losses from Russian attacks
Soybean cultivation in Europe shifts north due to drought
Global beef production to decline by more than 3% for the first time in five years
Indonesia launches new palm oil export monitoring system
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon