Ukraine wheat price to remain low to compete with Russian crop.

Ukrainian wheat prices may have to remain low to compete against Russia record harvest and less demand from major buyers. While Ukraine is expected to produce another hefty crop, albeit smaller than last season, Russian output is set to jump 12%. Export prices for Ukrainian wheat, near the lowest this year, are slightly cheaper than supplies from rival shippers Russia, France and Germany as of the end of last week. Wheat prices in Ukraine were at $183 a metric ton as of Sept. 15, compared with $186 for Russian grain. While Ukraine’s wheat exports slowed about 15 percent so far this season, Russia’s have accelerated.