Wheat prices on the CPT Odesa basis remain unchanged for the third week
2.02.2026 - 16:29
Traders maintain a moderate pace of purchases, and processors in the central and western regions have mostly closed their needs for February-March.
On the basis of CPT Odesa, quotes have remained at $210/t for food wheat (11.5% protein) and $205/t for feed for the third week in a row. This is reported by Spike Brokers.
On external markets, Russian wheat is exerting pressure. Its FOB prices are $5-8 lower than Ukrainian ones, which allows Moscow to win tenders in the MENA region more often.
As a result, demand for Ukrainian grain is fragmented, and there is no stable demand for feed wheat due to competition with cheaper corn.
For January 1-29, wheat exports from Ukraine amounted to 498.5 thousand tons. Key destinations:
• Algeria — 174.4 thousand tons;
• Egypt — 140.9 thousand tons;
• Portugal — 66.0 thousand tons;
• Yemen — 58.8 thousand tons;
• Tunisia — 30.4 thousand tons;
• Spain — 28.6 thousand tons;
• Greece — 17.4 thousand tons.
The European direction remains weak.
As USM wrote the day before, in January Ukraine exported more than 3 million tons of grain and leguminous crops.
