Ukrainian wheat is poised for increased competitiveness in European markets near future

Wheat

Published Mar 22, 2024

Tridge summary

The European Union's proposed import duties on grain from Russia and Belarus, estimated at 95 EUR per tonne, could provide a competitive edge to Ukrainian wheat in European markets. The higher costs are expected to decrease demand for Russian and Belarusian wheat, making the lower-priced Ukrainian grain more appealing. Despite a temporary trade slowdown in Asian markets due to Ramadan, demand for Ukrainian feed wheat remains robust, especially in Italy, Portugal, and Spain. Experts foresee a potential price increase due to insufficient supply in the CPT market segment.

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Original content

In light of anticipated developments in the European Union regarding the imposition of import duties on grain originating from Russia and Belarus, analysts at the PUSK agricultural cooperative, operating within the Ukrainian Agrarian Council, have made bold assertions regarding the competitive advantage of Ukrainian Wheat in European markets. According to insights provided by the press service of the UAC, the impending introduction of a duty by the European Commission, estimated at 95 EUR per tonne, on grain imports from Russia and Belarus is expected to significantly curb demand for products such as Wheat from these countries, thereby amplifying the competitiveness of Ukrainian grain even further. Experts within the agricultural sector emphasize the potential ramifications of this policy decision, suggesting that Ukrainian Wheat stands to benefit substantially from the resulting shift in market dynamics. With the imposition of the proposed duty, Ukrainian grain is anticipated to ...

Source: UkrAgroConsult