wheat

Although the total volumes decreased by 20% compared to the previous season, the main sales market – Egypt – on the contrary, significantly increased purchases.

Despite the increase in the forecast for the world, the forecast for the harvest and export of wheat in Ukraine remained unchanged.

Barley purchase prices in Ukrainian ports have risen again amid limited supply and active demand.

Grain prices are supported by both the domestic market and exports, while farmers are holding back sales in anticipation of more favorable conditions.

OAIC contracted about 600 thousand tons of soft wheat in the latest tender at a price slightly lower than the September one.

Egypt, the world’s largest wheat importer, is currently undergoing a significant market reformatting, with the share of private companies reaching 75%.

The continuation of negative export dynamics will increase pressure on the economy, which is already suffering from sanctions.

As of September 24, Ukraine has shipped almost 6 million tons of grain and leguminous crops to foreign markets.

The new marketing year on the wheat market began with a record supply, aggressive Russian policy and pressure on Ukraine and European traders.

Egypt’s state grain buyer Future of Egypt has agreed to buy a large batch of wheat from France, as well as grain from Ukraine and Romania.