Demand for Ukrainian wheat may increase amid problems with export licenses in Russia
23.01.2026 - 11:48
Russia has introduced an export quota for wheat since February 15, which may temporarily shift operational purchases to Ukrainian grain.
In the event of delays in issuing Russian export licenses, wheat from the Russian Federation will become less available for spot deliveries, so traders may shift purchases to Ukraine. ASAP Agri writes about this.
Egypt seems to be the most likely driver of additional demand. In July-December 2025/26, Ukraine has already shipped 2.0 million tons there (versus 0.8 million tons a year earlier) and another 141 thousand tons in January.
Analysts emphasize that any further increase in demand from Egypt is especially important against the background of Ukraine losing access to the EU market after the restoration of import quotas. At the same time, pressure on Ukrainian food wheat remains due to high global supply and fierce price competition.
As USM reported the day before, demand for Ukrainian export corn is also growing.
