Prices

Rainfall and harvesting problems in southern Ukraine have pushed prices up 8-10%, but global markets are still holding back further growth.

Spike Brokers analysts record activity in the wheat, corn and sunflower oil market on the basis of DAP Odesa.

Another drop in oil revenues is hitting Russia’s budget stability, which is already teetering on the brink due to the costs of the war in Ukraine.

Despite the active demand for the new crop, Ukrainian farmers are refraining from forward contracts due to the discrepancy between prices and their expectations.

Ukrainian corn prices have peaked, surpassing food wheat, but domestic and foreign demand is starting to decline.

Last year, the price per ton of Ukrainian agricultural exports was $315, and this year in April it increased to $443.

Pressure from external markets and expectations of further price reductions have affected purchase prices in Ukrainian ports.

Economic recession and currency volatility are holding back grain demand, which, together with low global inventories, is putting pressure on grain prices.

The minimum prices for agricultural products for the current month are set within the framework of the export support regime.

Ukrainian exporters continue to actively supply grain and oilseed crops, despite the difficult situation in the region.