Ukrainian wheat export volumes remain limited despite a recent increase in prices, ProAgro Group reports.
Amid the escalation of the Middle East conflict, prices for Ukrainian milling wheat have reached their highest level since August 2025. According to ASAP Agri, offers for Ukrainian 11.5% protein wheat are currently around $237/MT FOB Black Sea ports, up by about $6/MT compared to late February.
At the same time, higher logistics costs — particularly rising freight rates — have pushed CIF prices for deliveries to Egypt to approximately $264/MT, which is about $11/MT higher than at the beginning of the escalation.
Despite the price increase, Ukrainian wheat remains less competitive than russian origin, which continues to weigh on export performance. Market estimates suggest Ukraine may export around 3.3 million tonnes of wheat in March–June, roughly in line with last year but still constrained by weak shipment pace.
Analysts note that demand for Ukrainian grain has been more difficult to secure this season, as some importers shift to alternative origins. Meanwhile, both Ukraine and other Black Sea exporters are entering the period with significant carry-over stocks.
Earlier, it was reported that wheat exports dropped to a seasonal low in March: during the first half of the month, only 262,000 tonnes were exported, while total shipments since the start of the 2025/26 marketing year reached 9.4 million tonnes, which is 26% lower year-on-year.
