Ukraine Wheat Market Sees Continued Price Decline Amid Moderate Demand

Ukraine's wheat market continued to be dominated by a downward price trend last week, according to APK-Inform. Experts at the agency reported that moderate demand from traders and sufficient wheat supply on the market put pressure on prices.

Despite this, not all farmers were willing to sell their wheat at the prevailing prices, causing them to hold back sales. Most buyers also did not rush to make purchases, instead quoting minimum prices or levels close to them.

However, some processors that urgently needed large volumes of wheat were willing to raise prices slightly. As a result, bid prices for feed wheat and Class 2 wheat during the week ranged from 5,500-7,800 UAH per ton and 6,600-8,100 UAH per ton CPT, respectively.

At Ukrainian ports, prices for food-grade and feed wheat increased by $2-5 per ton, reaching $165-175 per ton and $158-166 per ton CPT-port, respectively.