Ukrainian wheat prices rise due to delayed harvest and low yields
23.07.2025 - 11:25
Rainfall and harvesting problems in southern Ukraine have pushed prices up 8-10%, but global markets are still holding back further growth.
Wheat prices in Ukraine continue to rise, reaching an 8-10% increase in a month, the Ukrainian Electronic Grain Exchange reported.
The main reasons are the delayed harvest due to heavy rainfall in the central and western regions and lower-than-expected yields. However, the potential for further growth is limited by the fall in September futures on global exchanges, which fell by 5.2-12% in a month amid favorable weather and a stable global balance.
The market situation is reminiscent of the problems with barley in early July, when traders were forced to buy grain at $10-20/t above contract prices to meet export obligations. Currently, the deficit is exacerbated by the growing share of feed wheat and the low supply of food wheat.
Over the past week, purchase prices with delivery to Black Sea ports have risen to $220–225/t (10,500–10,650 UAH/t) for food wheat and $215–218/t (10,200–10,300 UAH/t) for feed wheat.
As of July 19, Ukraine had harvested 4.67 million tons of wheat from 1.5 million hectares with an average yield of 3.11 tons/ha, significantly lower than last year’s 3.92 tons/ha. Export figures are also weak: only 279 thousand tons in the first 19 days of the season against 872 thousand tons a year earlier.
American wheat futures fell: in Chicago to $199.2/t (SRW), in Kansas City to $193.2/t (HRW), in Minneapolis to $215.9/t (HRS). On the Paris Euronext exchange, quotes fell to €202/t ($236/t). At the same time, the US is increasing exports: in a week they increased by 65% to 732.3 thousand tons.
USM also recently wrote that Nibulon has reduced prices for storing grain in elevators.
