Ukrainian wheat market is under pressure of competition and low import demand

14.11.2017

Last week, a downward price trend prevailed in Ukrainian wheat market. Export prices for 11.5% protein wheat decreased USD 1-2 FOB with delivery in November-December, reports UkrAgroConsult.

The market was still pressured by competition in the Black Sea region and slight reduction of importers’ activity in November. Moreover, it seems the demand for the 3rd grade wheat from such a promising market as India will no longer be so strong this season. Last week, India imposed a 20% wheat import duty.

Trading activity decreased slightly in the domestic market. Demand prices for both milling and feed wheat remained unchanged – market participants did not respond to national currency fluctuations.

Check up prices and enjoy free online charts on our website. Daily updated commodity exchange prices (CBOT, ASX, BCE, MATIF, WCE, LIFFE) and cash market quotations for wheat, corn, barley, soybean, sunflower and other agricultural commodities in Ukraine, Black Sea region and world are available in section "Prices and Futures".

Further prospects of the Black Sea grain market in the upcoming 2018/19 season will be discussed at the XV International Conference “Black Sea Grain”, which will take place on April 18-19, 2018 in InterContinental hotel, Kiev, Ukraine.

Black Sea Grain conference is large international platform, offering high quality market analysis and networking opportunities for the global leaders of grain and oilseed industry. The event is annually attended by over 800 agribusiness representatives from more than 400 companies and 55 countries worldwide. 

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