The global wheat market has entered the spring season with increased volatility due to geopolitical tensions in the Middle East and fierce competition among key exporters, according to the information and analytical agency “UkrAgroConsult.”
Analysts noted that the Black Sea region remains the main benchmark for global prices, and Ukrainian wheat quotations at ports on CPT terms are currently in the range of $215–222 per ton. Demand from major importers in North Africa and the Middle East remains strong, as evidenced by buyers’ willingness to operate at current price levels even during periods of geopolitical uncertainty.
At the same time, in EU countries, large carryover grain stocks and weaker export rates continue to put pressure on domestic prices. Against this backdrop, logistics costs and energy prices are playing an increasingly significant role in shaping the global market, as they directly determine suppliers’ competitiveness and the overall economics of production.
Among the key trends of the season, UkrAgroConsult highlighted the formation of a new structure of global trade under the influence of geopolitical factors. Analysts predict that increased investor interest in commodity assets and changes in traditional logistics routes will be decisive for price dynamics in the short term.
