Tensions between Russia and Ukraine affect wheat exports
Tensions between Russia and Ukraine, two largest wheat exporters, added uncertainty to market.
Tensions between Russia and Ukraine, two largest wheat exporters, added uncertainty to market.
Such a decrease followed the forcing of sales of wheat for export from the ports of Berdiansk and Mariupol in case the situation between Ukraine and Russia worsened.
Egypt purchased 420,000 tons of Black Sea wheat at a tender. Of these, 180 thousand tons are of Ukrainian origin.
Indonesia has accredited Ukrainian laboratories for further export of products.
The cost of Ukrainian wheat dropped after the January forecast of the US Department of Agriculture (USDA). Corn prices have not changed yet.
The Ministry of Agrarian Policy urges traders to switch to fodder trade so as not to provoke an increase in inflation.
In the first half of the 2021/2022 season (from July 1st), prices for Black Sea wheat increased by 45%.
Since the beginning of the season (July 1st), Ukraine has exported almost 31.6 million tons of grain, which is a quarter more than in the same period a year earlier.
Egypt purchased 300 thousand tons of wheat at an international tender, more than half of it is Ukrainian origin.
Australia and Argentina enter the grain market. The very fact of harvesting in these countries already affects the cost of grain for other exporters, including Ukraine.
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