In October, Ukraine exported about 1.5 million tons of wheat, and in the first three days of November — 67,000 tons. Shipment rates remain stable, and the market is moving in line with seasonal expectations.

This was reported by the analytical department of the First Ukrainian Agricultural Cooperative (FUAC), created within the Ukrainian Agri Council.

"The global market is currently stable — most exporters have already harvested their crops and determined their balances. In Ukraine, as in Europe, wheat sowing is proceeding according to plan, and precipitation has provided sufficient moisture for winter crops to develop," the analysts note.

According to experts, with the current conditional price for Ukrainian wheat at around USD220/t, CPT port, the market has potential for growth.

“The seasonal model indicates a likely price recovery with a potential increase of about USD30/t. We can expect that in the second half of November, when traders unload their existing stocks and begin to form purchases for December–January, the market will start to grow,” according to the FUAC