The price of export wheat from Ukraine increases for the first time in several months

The price increase is driven by demand from Turkey and Egypt, the rise in the price of Russian wheat, and competition from processors.

The export market of Ukraine has recorded an increase in prices for food wheat — the first after several months of relative stability. This is reported by APK-Inform.

This week, demand for Ukrainian grain has increased significantly from key importers, primarily Turkey and Egypt.

Some support for prices was also provided by the rise in the price of Russian wheat to a two-month maximum, which reduced its competitiveness on the world market.

At the same time, Ukrainian agricultural producers were in no hurry to intensify sales — against the background of positive dynamics, they preferred a wait-and-see approach, hoping for further price growth.

Domestic demand from the flour milling industry also contributed to maintaining and gradually increasing quotations, so competition for quality wheat is only growing.

As of February 4, 2026, the demand prices for food wheat of class 3 are 208–216 USD/t CPT-port in the ports of Greater Odessa and 207–214 USD/t CPT-port in the Danube ports. This is 1–3 USD per ton higher than a week earlier.

However, the market remains vulnerable to external pressure. Global factors constraining further growth include high global grain supply, persistent military risks in Ukraine, a strengthening US dollar, lower oil prices, and increased wheat sales to the EU.

As USM recently wrote, Ukraine exported over 3 million tons of grain in January.