Ukrainian wheat exports are focused on MENA countries

The EU market in the 2025/26 season has become more diversified with stronger positions of North America and the Balkans.

This is reported by analysts at Spike Brokers.

Imports of soft wheat into the EU decreased from 4.43 to 2.15 million tons (–52%). The structure of suppliers has changed dramatically: the share of Ukraine has fallen from 67.3% (2.98 million tons) to 22.3% (479 thousand tons), which means a loss of leadership.

Canada increased its share to 40% (858 thousand tons) against 13% last year, Moldova and Serbia increased their presence to 17.3% and 14.3%.

For 8 days of January, Ukraine exported 176.6 thousand tons of wheat, concentrating deliveries in three countries: Algeria – 62.2 thousand tons (35%), Egypt – 52.3 thousand tons (30%), Yemen – 44.1 thousand tons (25%).

Exports are clearly focused on MENA, while EU activity is minimal.

Port logistics affected the situation: despite low market liquidity, individual spot deals were held at $208 for feed (10.5% protein) and up to $213 for food wheat (11.5%).

The overall market remains overloaded with supply and weak demand. The spot food wheat index (11.5%) from CPT-port decreased to $210 (-$1), while the feed index increased to $206 (+$1).

Tags: Ukraine, export, wheat