Such a statement is highly connected with the fact that this season most of Ukrainian wheat is feed quality or in the best case has 10.5% protein. Historically, such quality Ukraine supplied to Asian markets during the first part of the marketing year. These markets require the execution of contracts with panamax-size vessels. It was impossible after Russia left the grain deal and till September 2023, when the new Ukrainian grain corridor started its work. Quite symbolically, the first vessel Resilient Africa, which was loaded at the POC ports (Pivdenny, Odesa, Chornomorsk) was carrying feed wheat cargo. Further, we will analyze the prospects of Ukrainian wheat on the world market this season.

Valerii
Liulchenko
Broker & Co-Founder
Atria Brokers