Wheat exports from Ukraine have slowed down, — Spike Brokers
16.03.2026 - 11:43
If the current dynamics continue, the monthly volume of shipments may amount to only about 600 thousand tons.
In the period from March 1 to 12, Ukraine exported about 232.9 thousand tons of wheat. It is this pace of deliveries that shapes expectations of a relatively weaker March result, Spike Brokers write.
The main buyers of Ukrainian wheat this month remain the countries of North Africa and the Middle East. The largest volumes are accounted for by Algeria — 93 thousand tons, Egypt — 69 thousand tons and Israel — 31 thousand tons.
On external platforms, wheat quotations remained within 203–212 euros per ton on the Euronext exchange during the week. The market dynamics are largely determined by the activity of financial funds, which continue to increase long positions. Additional support for prices is provided by geopolitical risks and rising energy prices, which increases production costs and forms a premium on the grain market.
On the physical market of the Black Sea region, quotes also show moderate growth. Russian wheat 12.5% is offered at around $239–240/t FOB, while Ukrainian wheat 11.5% is offered at $237–238/t FOB.
However, buyer activity remains limited. Importers, according to brokers, are postponing purchases due to rising freight rates and general uncertainty in energy markets.
On the domestic market of Ukraine, export prices have increased slightly over the week. On the CPT Odesa basis, wheat has risen by 11.5% from $218 to $219/t, and feed wheat from $210 to $214/t. The market is supported by a limited supply of grain.
As USM recently reported, a first-ever flight of electric trucks carrying grain has set off for the ports of Great Odesa.
