The price of food wheat in Ukraine fell by $10 over the week – to $185 per tonne on a CPT Odessa basis, whilst the price of feed wheat also fell by $10 to $175 per tonne, according to a weekly market review by the brokerage firm Spike Brokers.
“The international grain market ended the week with a further rise, but this trend did not carry over to Ukrainian price levels,” the review noted.
Wheat exports from Ukraine between 1 and 27 August fell by half (-49.8 per cent) compared with the same period last month — to 486,600 tonnes from 969,400 tonnes. The main destinations were Bangladesh – 251,000 tonnes, Indonesia – 243,500 tonnes and Algeria – 226,300 tonnes. These three countries accounted for around 74 per cent of total exports of this product. Saudi Arabia and Yemen followed in terms of volume, each importing approximately 54,500 tonnes.
The price of maize on a CPT Odessa basis fell by $5 to $185 per tonne, whilst on an FCA Chop basis it rose by $5 to $225 per tonne.
Maize exports for 1–27 August totalled 190.7 thousand tonnes, which is 84.3 per cent less than during the corresponding period in July.
According to Spike Brokers, trading in next year’s maize crop is already in full swing at the western border. During the week, prices for October–December on an FCA Zahony–Chop–Batevo basis stood at EUR 188–191 per tonne.
Brokers note that this trade route faces physical constraints on both sides of the border, particularly due to transhipment capacity in Ukraine and the EU, the availability of rail logistics and the fleet of Euro-standard wagons.