Ukrainian market review from Spike Brokers
Trades per week
Harvest 2024
- sunflower DAP center Ukraine, April 26200 UAH/t,
- sunflower meal DAP border of Ukraine 247 $/t,
- sunflower oil DAP border of Ukraine 1037 $/t,
- sunflower oil DAP Odesa $1105/t.
Trump lowered tariffs on all countries to 10% for 90 days, while raising tariffs on China to 125% in response to his 84% tariff on the US. Against this backdrop, the EU postponed the imposition of tariffs on US goods, which were due to take effect on April 15, for 90 days.
Corn
Domestic corn prices resumed growth as traders need to close contracts. During the week, prices for old crop at ports (DAP) rose to $228-230/t, and for new crop – to $204-206/t.
Latest buyer indications for the 2024 harvest:
- DAP Ukraine (Odesa) ~228-230 $/t
- FCA Ukraine (border) ~190-195 €/t
- DAP Italy (Mo-E) ~225-230 €/t
- DAP Germany (M-E) ~226-228 €/t
- DAP Netherlands (south) ~228-230 €/t.
Harvest 2025:
- DAP Ukraine (Odesa) ~204-206 $/t
- DAP Germany (Mo-E) ~208-210 €/t
- DAP Netherlands (south) ~210-213 €/t.
Wheat
Prices for old-crop wheat began to rise, with food grain the most affected, due to low stocks and high demand. Competition for quality grain intensified between traders and processors. At DAP ports, prices for 11.5% new-crop wheat remained at $214-216/t, and for feed grain at $202-204/t.
Latest buyer indications for the 2024 harvest:
- DAP Ukraine (Odesa) 12.5% ~232-234 $/t
- DAP Ukraine (Odesa) 11.5% ~230-232 $/t
- DAP Ukraine (Odesa) feed ~224-226 $/t
Harvest 2025:
- DAP Ukraine (Odesa) 12.5% ~216-218 $/t
- DAP Ukraine (Odesa) 11.5% ~214-216 $/t
- DAP Ukraine (Odesa) feed ~202-204 $/t
- DAP Germany (M-E) fodder ~210-212 €/t
- DAP Netherlands (south) fodder ~206-208 €/t
Sunflower
Against the backdrop of declining world prices for sunflower oil, sunflower prices in Ukraine fell by 500-700 UAH/t during the week. Most processors are supplied with raw materials by the end of April, which increases pressure on prices.
On the spot market, sunflower oil prices fell to $1,105-1,115/t DAP port. In recent weeks, price trends have changed from rising to falling several times, which increases uncertainty.
Latest buyer indications for the 2024 harvest:
- DAP Ukraine (plant) 48% ~550-565 $/t
Latest harvest indicators 2025:
DAP Ukraine (factory) 48% ~ $520-535/t (including VAT)
Rapeseed
April frosts in Eastern Europe and Ukraine are worrying rapeseed producers as they could negatively impact crops and reduce future harvest potential.
Latest buyer indications for the 2025 harvest:
- DAP Ukraine (Odesa) ~475-485 $/t
Soy
There is a divergence in prices on the soybean market. They remain stable at ports, while processors are increasing purchase prices, particularly for GMO soybeans, amid increasing demand.
Latest buyer indications:
GMO soybeans harvest 2024:
- DAP Ukraine (Odesa) ~388-392 $/t
- DAP Ukraine (border) ~380-390 $/t
Non-GMO soybeans harvest 2025:
- DAP Ukraine (Odesa) ~425-430 $/t
- DAP Ukraine (border) ~395-400 €/t
- DAP Italy (north-east) ~435-440 €/t.
