Ukraine: Fall in demand depresses wheat export prices

Wheat export prices in Ukraine fell last week. The analyst APK-Inform cites the decline in international demand as a reaction to the high price level as the reason. Last month, high demand from importers and the delay in winter grain sowing resulted in the highest wheat export prices in two years.
Ukrainian-origin wheat containing 12.5% protein was trading in the range of $ 249- $ 254 Fob Black Sea late last week, APK-Inform reports in its weekly report. That's a $ 4 decrease from the previous week. Lower quality 11.5% protein wheat prices ranged from $ 247- $ 252 / tonne FOB.
However, corn prices rose $ 1 to $ 239- $ 243 / ton. Ukraine is one of the world's largest wheat producers and exporters and expects to export 17.5 million tons of wheat in the current marketing year 2020/21. The country on the Black Sea accounts for 16% of global grain exports and exported 57 million tons of grain in the 2019/20 season.

Hansa Terminhandel GmbH
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