The aggressor is trying to destroy the Ukrainian maritime corridor – what's happening in the grain market

Andriy Klymenko, the editor-in-chief of the BlackSeaNews agency, believes that the missile strikes on the ports of "Greater Odesa" are part of Russia's plan to disrupt the operation of the Ukrainian maritime corridor. In his opinion, the recent attacks on vessels and port infrastructure indicate a new strategy aimed at physically preventing the functioning of the Ukrainian maritime corridor.

Against this backdrop, it is worth noting that export prices for Russian wheat have risen to a four-month high over the past week, reaching $232-233 per ton. This price increase has been noted amid a wave of demand from importers. Currently, wheat prices have risen to 18,000-18,200 rubles per ton.

Simultaneously, the internal market in Ukraine has also seen a further increase in prices. The insufficient supply of grain, due to farmers holding back on sales, alongside rising price dynamics in the export market, have continued to support price levels. Offers for food wheat have most often been received at prices no lower than 10,000 UAH per ton, excluding delivery costs. Overall, the domestic wheat market is currently showing stable price growth, with the main factors influencing price dynamics being reduced yields of grain in Europe and Australia, high demand from Asian importers, and limited grain supply in global markets. This trend is expected to continue at least until the end of October. According to a number of experts, against the backdrop of climate issues and decreased yields in the European Union, Ukrainian wheat is becoming more competitive, especially for Asian countries. Currently, the indicative price in ports is approaching $210 per ton, with potential for growth to $220 per ton.

Additionally, prices are supported by news from the Russian market. Russian exporters have agreed on a minimum price for their wheat at $250 per ton, which provides the Ukrainian market with opportunities to strengthen its position as Asian importers seek alternatives amid shortages.