site.btaSofia Commodity Exchange: World Wheat Prices up 25%, Following Attacks by Ukraine and Russia on Black Sea Export Infrastructure

World wheat prices are now around 25% above January levels, following attacks by Ukraine and Russia on their respective export infrastructure in the Black Sea, according to experts at the Sofia Commodity Exchange (SCE) in their weekly market analysis.

As a result, Russian wheat exports in August are on track to fall to their lowest level since 2016/17, at 3–3.4 million tonnes compared with an average of 5 million tonnes. Ukraine, meanwhile, has halved its forecast for grain exports in 2026/27 to 29.6 million tonnes.

Futures contracts for milling wheat with delivery next month on the Chicago exchange traded at around USD 235-239 per tonne, while those on Euronext in Europe were traded between USD 243 and USD 256 per tonne.

Next-month futures for corn on the Chicago exchange traded in the USD 172-180 per tonne range, while those on Euronext were traded between USD 285 and USD 290 per tonne.

New York raw sugar futures traded at around USD 362–370 per tonne, while refined sugar futures in London were priced at approximately USD 506–518 per tonne.

At the Sofia Commodity Exchange, during the second week of August, the starting price for feed wheat remained at EUR 192 per tonne, while offers for milling wheat continued at EUR 190 per tonne.

Prices of major food commodities remained stable, while opening offer prices edged slightly lower for various types of canned goods: green peas at EUR 1.19 per kilogram, sweet corn at EUR 1.83 per kilogram and diced peeled tomatoes at EUR 2.53 per kilogram. Nuts and seeds continued to be offered at prices ranging from EUR 1,278.23 to EUR 7,362.60 per tonne.

In the Industrial Goods segment of the Sofia Commodity Exchange, transactions this week included firewood at EUR 60–77 per cubic metre, B6 diesel fuel at EUR 1,390–1,470 per 1,000 litres, and automotive petrol at EUR 1,200–1,280 per 1,000 litres. Propane-butane gas was traded at EUR 500–530 per 1,000 litres, while gas oil for industrial and public-sector use was traded at EUR 1,392.57–1,490.96 per 1,000 litres.

In metals, transactions included ferrous scrap at EUR 104–137 per tonne, aluminium scrap at EUR 5,844 per tonne, and copper scrap at EUR 909 per tonne.