Ukrainian wheat becomes uncompetitive in EU due to tariffs — White Brokers
European buyers have almost stopped purchasing Ukrainian wheat at the western border after the EU quota was exhausted. Further shipments require the payment of tariffs, making Ukrainian grain uncompetitive on the European market in terms of price, analysts at White Brokers said.
The domestic wheat market was dominated by a downward price trend last week. Grain supply remains substantial, but sales opportunities are limited due to logistical problems.
According to the brokers, most wheat volumes are currently being shipped through Ukraine’s Danube ports and Romania’s Constanta port.
“There are practically no buyers at the western border due to the exhaustion of the EU quota for Ukrainian wheat. Further shipments require the payment of tariffs, making Ukrainian wheat uncompetitive in terms of price for European buyers,” White Brokers said.
At the same time, prices for food-grade wheat on a DAP Constanta basis edged higher. Class 2 wheat was traded at up to $244 per ton, while Class 3 wheat reached up to $241 per ton.
