Ukrainian wheat demand increases
Wheat demand firmed in late Jan–early Feb as supply stayed tight. Ukrainian feed and milling wheat rose $2–3/mt to $222–230 CPT Odesa. Russian port delays boosted Ukraine’s competitiveness, with milling wheat sold to Egypt at $245–250 CIF, supporting a stronger short-term market tone.
For the week of January 30 – February 6 demand in the wheat market has begun to increase, though this cannot be said of supply.
Prices for feed and milling wheat have risen by $2-3/mt to reach $222-230/mt CPT Odesa, depending on quality.
This price increase is due to logistical issues affecting competitors: ships in russian ports are experiencing loading delays of 7-15 days. Against this backdrop, several consignments of Ukrainian milling wheat were sold to Egypt at a price of $245-250/mt CIF Mediterranean ports.
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Source : Ukr Agro Consult
