- Ukrainian feed wheat export prices in ports edged up by around USD 1/t, reaching USD 210-218/t CPT Odessa and USD 209-217/t CPT Danube as of April 23.
- Tight producer supply and firm feed corn prices are supporting a neutral to slightly bullish tone in the feed wheat market.
- Hryvnia-denominated prices rose by UAH 100-150/t to UAH 10,600-10,900/t CPT port, driven largely by domestic currency weakness.
- Low liquidity in milling wheat is limiting more pronounced gains across the broader wheat complex.
Ukrainian Feed Wheat Market Overview
The Ukrainian feed wheat export market saw marginal price gains this week, with CPT port values ticking higher on the back of tight farmer selling and support from the adjacent feed corn segment. Export demand remains relatively stable, helping to underpin quotations despite muted activity in the milling wheat market.
Export Price Dynamics
| Location | Product | Price Range | Currency | Change (WoW) | Terms | Date |
|---|---|---|---|---|---|---|
| Greater Odessa ports | Feed wheat | 210–218 | USD/t | +1 | CPT | 23 April |
| Danube ports | Feed wheat | 209–217 | USD/t | +1 | CPT | 23 April |
According to APK-Inform, feed wheat purchase prices at Greater Odessa ports rose to USD 210-218/t CPT, while Danube port prices increased to USD 209-217/t CPT as of April 23. These moves represent an average weekly gain of about USD 1/t, highlighting a modest but consistent upward trend.
Domestic Hryvnia Prices
| Location | Product | Price Range | Currency | Change (WoW) | Terms |
|---|---|---|---|---|---|
| Ukrainian ports | Feed wheat | 10,600–10,900 | UAH/t | +100–150 | CPT |
In local currency terms, hryvnia-denominated feed wheat prices at ports increased by UAH 100-150/t, reaching UAH 10,600-10,900/t CPT. The gains largely reflect hryvnia weakness, which enhances export competitiveness and supports domestic bids despite only modest changes in dollar-denominated prices.
Market Drivers and Sentiment
Market sentiment remains neutral to slightly bullish. Limited producer selling is constraining supply and preventing any meaningful downside, while steady export demand and strength in the feed corn market are providing additional support. At the same time, mixed dynamics and low liquidity in the milling wheat segment are curbing the potential for sharper price appreciation across the wheat complex.
Currency movements remain a key variable for domestic pricing. Continued hryvnia weakness would likely underpin further nominal gains in local terms, even if international prices remain relatively stable.
Source: Market Data
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