Wheat in Ukraine continues to gradually become cheaper against the backdrop of decreasing demand from traders.

In Ukraine, the wheat market last week was dominated by downward price dynamics. This situation was due to a decrease in demand from traders and the corresponding dynamics in the export market. The slowdown in shipment rates at ports and the closure of some contracts also put pressure on prices. Processor demand remained high, however, the volumes of purchases and production slightly fell due to constant power outages. However, the high cost of production and expensive logistics continued to support prices. Demand prices for wheat class 2 and feed were recorded predominantly within the range of 9700-10700 and 8600-9800 UAH/t CPT, and at the ports of Ukraine - within the ranges of 208-216 and 197-208 USD/t CPT-port.