ODESA: Wheat prices in Ukraine have been supported by international traders. The successful departure of vessels from the Ukrainian ports gave them some optimism. So for the first time since the beginning of the war, international companies have resumed the purchase of grain in the ports.
Purchasing prices for milling wheat in Odesa, Pivdennyi, and Chornomorsk went up to 7,000-7,500 UAH/t or 190-205 $/t. This is actually the same level as in the Danube ports but is more acceptable for farmers because of lower cost of delivery. After that processors were forced to raise prices to 6,000-6,200 UAH/t with delivery to the mills.
According to different experts, Ukraine can collect around 19 million tons of wheat this year. Therefore, taking into account temporary stocks of 10 million tons, exports will reach approximately 10 million tons, and final stocks will amount to 12 million tons.
The Ukrainian Grain Association has reduced the forecast of grain production in Ukraine by another 5 million tons to 64.5 million tons. The reason is the same as before – military actions have decreased harvest area by 1 million hectares to 18 million hectares. At the same time, the grain export forecast for 2022/23 was left at the same level of 32.8 million tons.