In May, the trend of gradual decrease in demand on the Ukrainian food wheat market continued.
Moderate demand from most mills remains a key driver of price pressure. For the most part, they had no shortage of grain supplies and only bought small quantities when needed, since they had previously been able to build up sufficient raw material stocks for processing. Some companies even suspended buying from Wheat, without difficulties with the realization of finished products (especially bran) and demanded the release of storage areas for further work. Some support for prices came from the activation of grain purchases by traders and a significant increase in the price of fuel and hence logistics.
Compared to the beginning of May, prices for demand flour for class 2 and 3 wheat have fallen by €22-41/ton and as of June 2 are mostly in the ranges of €174-221/ton and €171-218, respectively /ton and only occasionally reach the values of 231 €/ton and 228 €/ton in the southern region.