Main points
- Export prices for food wheat in Ukraine increased by 1–3 USD per ton due to increased interest from buyers from Egypt and Turkey and weakening competition from Russian wheat.
- Further price growth is being restrained by war risks, high global grain supply, active sales in the EU, a strengthening dollar, and lower world oil prices.
Wheat prices have risen / Photo Pixabay
Ukraine's export market this week recorded an increase in purchasing prices for food wheat after a period of relative stability. The increase was supported by stronger demand from importers and weaker competition from Russian grain.
Wheat prices have gone up
Purchase prices for food wheat on the export market of Ukraine began to increase at the beginning of this week, the APK-Inform news agency reports.
Analysts explain that the key factors were increased interest from buyers, in particular from Egypt and Turkey, as well as weakening competition from Russian wheat, the prices for which have risen to their highest in the last 2 months.
At the same time, there was no significant revival of sales by Ukrainian farmers – producers expect further growth in quotations. Additional support for prices was provided by competition between exporters and flour milling companies for wheat with high quality indicators.
As of February 4, 2026, the demand prices for food grade 3 wheat in the ports of Great Odessa and Danube are announced within the range of 208–216 and 207–214 USD per ton on CPT-port delivery terms. This is 1–3 USD per ton higher than at the end of last week.
Important! However, further growth is restrained by war risks and high global grain supply. Additional pressure on the market is exerted by active wheat sales in the European Union countries, the strengthening of the US dollar, and a decline in world oil prices against the backdrop of geopolitical tensions.
Grain exports from Ukraine are growing: what is mostly sold abroad?
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In January 2026, Ukraine exported 5.0 million tons of agro-industrial products, of which 3.4 million tons were grain crops, mainly corn.
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Exports of oilseeds and vegetable oils decreased, with soybeans accounting for 63% of oilseeds and sunflower oil for 82% of vegetable oils.