The price of Ukrainian wheat under the pressure of falling demand and competition with the Russian
In the current season Russia harvested 87 million tons of wheat, of which can export million tons 30-33 High volume of proposals of Russian wheat closed to Ukrainian grain markets of Turkey and Egypt. But Ukrainian wheat has good prospects of exports to the EU (primarily forage in Italy and Spain) and Asia.
in Recent years the Asian market has become a priority, the export of wheat from Ukraine.
the Intention of the Indian government to raise the import duty on wheat from 10% to 20% can significantly reduce the import of Ukrainian wheat. Most experts believe that the rise in the duty would effectively ban the import of grain.
in the last two seasons, India has significantly increased its wheat imports because of falling of its own production, due to adverse weather conditions. In the 2016/17 season the import of wheat was 5.75 million tons, of which nearly 3 million tons were imported from Ukraine.
currently, the export demand for Ukrainian wheat remains high, but purchase prices at the port are:
wheat protein 11.5% of 170-173 $/t or 5350-5450 UAH/t,
wheat fodder 165-167 $/t or 5200-5250 UAH/t
- wheat protein 12,5% 175-176 $/t or 5450-5500 UAH/t,