Ukraine exhausts duty-free EU wheat export quota, losing buyers
Ukraine has used up its quota for duty-free wheat exports to the European Union, meaning further shipments will now be subject to tariffs, the Grain Trade exchange reported on Aug. 26.
Ukraine has depleted its quota for duty-free wheat exports to the European Union, leading to tariffed shipments, according to Grain Trade exchange reports on Aug. 26. Consequently, Ukrainian grain is losing its competitive edge in the European market. European buyers have reported a significant decrease in activity, with shipments effectively halting at the western border.
Main export routes have redirected to Danube River ports and Romania's Constanța port. Intense export restrictions and a large wheat supply are pressuring domestic prices in Ukraine, which have continued to drop over the past week. Prices for Class 2 and Class 3 food-grade wheat in Constanța reached $244 and $241 per ton DAP, respectively.
Grain Trade analysts emphasize the urgency of finding alternative export routes for Ukrainian wheat due to the ongoing export challenges. Ship calls to Ukrainian Black Sea ports have been suspended since July 22, as Russian attacks on ports and vessels, including missile strikes, persist. Reports suggest Russia aims to disrupt both Ukraine's maritime and overland exports.
Written by urgent.news from New Voice of Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
