Feed wheat prices are rising amid declining food demand.

In the Ukrainian wheat market, a seasonal price adjustment has been observed in recent weeks, but it has mostly affected food wheat. Feed wheat, on the contrary, maintains stable demand and may even increase in price in the short term, which reduces the usual price difference between the segments. This is reported by the analytical department of the agricultural cooperative PUSК, created within the framework of VAR. Export activity for food wheat has slowed down, particularly due to decreased demand in traditional markets. "Food wheat prices last week decreased by approximately $2–3/t and are currently forming in the range of $228–230/t. Some buyers, particularly Egypt and generally countries of the Middle East, have started to reduce prices. Demand for food grain in these markets has begun to disappear as the markets are currently oversupplied," noted PUSК. Experts predict that by the end of the week, an additional decrease of $1–2/t is possible. In contrast, feed wheat remains ...