Wheat prices in Ukraine have hit a new seasonal high of 10,500 UAH per tonne, whilst demand for grain remains strong. The market is being supported by limited supply from farmers and steady buyer interest.
According to the Experts Club information and analysis centre, the current price of wheat stands at around 10,500 UAH per tonne, which is 8–10% higher than last year’s level. Producers who had previously held off on selling in anticipation of a more favourable price now find themselves in a stronger negotiating position.
The main driver of growth remains strong demand coupled with restrained sales from farmers. Some farmers are in no hurry to bring grain to market, awaiting further price rises or greater clarity regarding the new harvest.
The condition of crops and harvest expectations provide additional support for prices. Despite the cold spring and delayed sowing, the forecast for Ukraine’s 2026 grain harvest remains at around 60.4 million tonnes, including 22.4 million tonnes of wheat.
For Ukrainian farmers, the rise in prices partially offsets the increase in production costs, logistics, fuel, storage and financial expenses. However, for processors and exporters, expensive wheat means fiercer competition for raw materials and lower margins.
The situation on the international market remains mixed. On the one hand, global import demand for wheat is growing: the USDA forecast indicated that global imports could rise to 218.3 million tonnes. On the other hand, fluctuations in global prices are limiting the potential for further growth in Ukrainian prices.
