As Ukraine enters the active harvest season, the domestic wheat market remains under moderate price pressure. Buyers are increasingly focusing on the new crop, while demand for old-crop grain continues to weaken. As a result, purchase prices at Black Sea ports are gradually declining, and market participants are adopting a cautious wait-and-see approach.
According to White Brokers, feed wheat is currently trading at around $214 per metric ton (DAP port), while Grade 3 wheat is priced near $217/t and Grade 2 wheat at approximately $218/t. The main factor behind the price decline is the expected increase in supply once harvesting accelerates. In addition, international buyers remain cautious as they assess crop prospects not only in Ukraine but across other Northern Hemisphere producing countries.
Additional pressure comes from Ukrainian farmers, who are actively selling remaining stocks from the previous harvest before the new crop enters the market. At the same time, future price developments will largely depend on the first harvest results. Actual yields, grain quality, and harvesting progress will determine supply volumes and strongly influence trader sentiment over the coming weeks.
Market analysts note that if weather conditions remain favorable and yields meet expectations, wheat prices could stay under pressure for some time. However, lower-than-expected production or reduced grain quality could quickly reverse the current trend. For this reason, the coming weeks are expected to play a decisive role in establishing opening prices for the new marketing season and shaping Ukraine's wheat export strategy.