# Black Sea grains tempt Asia’s buyers with low prices 26.08.2022 - UkrAgroConsult

> Black Sea wheat offers dropped sharply last week as Ukrainian corridor flows increased, with Ukrainian 11.5% wheat offered at $355 per tonne CFR Vietnam or Indonesia. Russian wheat is pricing near $370, and record Russian production forecasts make Russian origin the cheapest option for Asian buyers, though buyers remain cautious.

- Date: 2022-08-26 · published 2022-08-26T12:00:00.000Z
- Category: trade · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/39923-black-sea-grains-tempt-asia-s-buyers-with-low-prices-26-08-2022-ukragroconsult
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower Black Sea wheat offers increase competition for Asian feed and milling demand and pressure global wheat prices, while high Black Sea freight limits how far delivered prices can fall.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-08-29 | [World wheat prices are rising, although Russian wheat is becoming cheaper 29.08.2022 - UkrAgroConsult](https://feedsoft.ai/events/40082-world-wheat-prices-are-rising-although-russian-wheat-is-becoming-cheaper-29-08.md) | +0.5% | +4.4% |
| WHEAT | 2021-08-18 | [Russia: Grain Export and Import in January-June 2021 18.08.2021 - UkrAgroConsult](https://feedsoft.ai/events/45404-russia-grain-export-and-import-in-january-june-2021-18-08-2021-ukragroconsult.md) | +0.6% | +4.3% |
| WHEAT | 2022-07-12 | [Hard red winter wheat: Towards bread shortages in 2023? 12.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/40530-hard-red-winter-wheat-towards-bread-shortages-in-2023-12-07-2022-ukragroconsult.md) | +7.2% | +7.0% |
| WHEAT | 2022-01-24 | [French wheat exports falter as Algeria shuns its top supplier 24.01.2022 - UkrAgroConsult](https://feedsoft.ai/events/43081-french-wheat-exports-falter-as-algeria-shuns-its-top-supplier-24-01-2022.md) | +1.0% | -1.4% |
| WHEAT | 2022-11-29 | [Wheat recovers from 3-month low, Black Sea supplies limit gains](https://feedsoft.ai/events/12218-wheat-recovers-from-3-month-low-black-sea-supplies-limit-gains.md) | -9.9% | -2.0% |
| KWHEAT | 2022-08-29 | [World wheat prices are rising, although Russian wheat is becoming cheaper 29.08.2022 - UkrAgroConsult](https://feedsoft.ai/events/40082-world-wheat-prices-are-rising-although-russian-wheat-is-becoming-cheaper-29-08.md) | -1.3% | +5.2% |
| KWHEAT | 2022-07-12 | [Hard red winter wheat: Towards bread shortages in 2023? 12.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/40530-hard-red-winter-wheat-towards-bread-shortages-in-2023-12-07-2022-ukragroconsult.md) | -5.0% | -7.9% |
| KWHEAT | 2026-01-07 | [Ukraine's Grain Exports 2025/26: Trends and Insights](https://feedsoft.ai/events/14150-ukraine-s-grain-exports-2025-26-trends-and-insights.md) | -0.4% | +1.7% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/black-sea-grains-tempt-asias-buyers-with-low-prices/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.