Feed corn prices fell by $1–3/t in Ukrainian ports

Traders have mostly already formed export batches, and the supply from farmers has increased due to the need for working capital.

The Ukrainian export market for feed corn has been recording a price correction since the beginning of this week. This is reported by APK-Inform Agency.

After the previous increase in ports, demand prices have begun to decline. The situation is explained by the fact that most traders have already formed the necessary export batches and do not need additional grain volumes in the short term.

At the same time, the supply of corn from farmers who need to replenish working capital has increased on the market, but these are mostly small-tonnage batches.

As of February 18, demand prices for feed corn in the ports of Great Odesa are announced within $ 208-215 / t CPT-port, and in the ports of the Danube – $ 207-213 / t CPT-port. This is $ 1-3 / t lower than at the end of last week.

USM recently wrote that Ukraine has become a key seller of spot corn on the global market.