The Price of Wheat in Ukraine Remains Stable Despite Declines in Global Markets

At the beginning of 2026, global wheat markets faced a decline in quotations: during the first week of January, prices fell by 0.5–2%. The main factors behind this were limited demand and positive news regarding harvests in Australia and Argentina. Additionally, weather conditions in leading exporting countries are currently favorable for winter crop sowing, which reduces risks for the market. In India, a high harvest is also expected in the spring due to the expansion of sowing areas and sufficient rainfall.

This is reported by AgroReview

Price Dynamics on Global Exchanges

During the week, March futures on major global platforms demonstrated the following dynamics:

• Soft wheat in Chicago decreased by 0.5% to $187.6 per ton.
• Hard wheat in Kansas City fell by 1.1% to $191.6 per ton.
• Wheat in Minneapolis lost 2% and costs $208.4 per ton.
• On the Euronext exchange in Europe, the price dropped by 0.9% to €189 per ton ($221 per ton).

The Situation in the Ukrainian Market

In Ukraine, the situation differs from global trends – prices for wheat in ports remain stable. At the same time, the supply volume from sellers has significantly decreased, which is related to the New Year holidays and regular shelling of the port infrastructure in the Odesa region by Russia. Meanwhile, millers are lowering purchase prices as demand for flour within the country decreases.

As of today, export purchase prices in Ukrainian Black Sea ports have settled at the following levels:

• Food wheat – $208–214 per ton or 10,000–10,200 hryvnias per ton.
• Feed wheat – $204–205 per ton or 9,700–9,900 hryvnias per ton.

“Due to the noticeable rise in the dollar exchange rate on the interbank market in recent days, an increase in prices in hryvnia equivalent is expected in the near future.”

In addition, competition in the global market is intensifying. On January 6, Jordan held a tender and purchased 60,000 tons of wheat from Buildcom at a price of $260 per ton for delivery in April. Other major traders, such as Cargill and Ameropa, offered prices only slightly higher – in the range of $261.95 to $264.48 per ton, indicating an intensification of the fight for buyers in the second half of the season.