As per the recent assessment by ChemAnalyst, the prices of wheat witnessed a severe drop in the Ukrainian market during the first half of July xxxx and this was part of the sharp downward trend that had prevailed throughout the previous month, June. The price decline is an interwoven result of poor export performance, a growing domestic supply and an adverse future demand worldwide. Changing trade dynamics and steep inter-international competition have also had a notable impact on the market, with the effects still dragging down Ukraine grain industry.
According to the data, in June xxxx, the price of Wheat on an FOB Odessa (Ukraine) basis was assessed at USD xxx/metric ton, reflecting a month-on-month decline of x.xxx.
Considerable headwinds were experienced in the wheat market of Ukraine in June xxxx. The Cereal Price Index of the Food and Agriculture...
