Logistical congestion at ports hampers corn exports from Ukraine, — Spike Brokers

Intensive cargo arrivals to Ukrainian ports have led to local overloading of individual terminals.

Over the past week, Ukrainian ports have recorded an accumulation of corn against the backdrop of an active cargo arrival. This is reported by analysts at Spike Brokers.

Thus, local overloading of terminals has been observed in individual ports, which limits the speed of unloading vehicles and leads to traffic congestion.

Since the beginning of April, Ukraine has already exported 816.6 thousand tons of corn. The largest volumes went to Turkey — 265 thousand tons and Italy — 148 thousand tons. Other main destinations include Spain, the Netherlands, Tunisia and Belgium.

Despite logistical difficulties, the concentration of supplies on Mediterranean markets supports stable demand for Ukrainian corn. Against this background, export prices for corn in Ukraine decreased by $2/t (to $214/t under CPT Odesa conditions) during the week. At the same time, prices on a FOB basis remain relatively stable – within $226-228/t.

USM also recently wrote that USDA lowered its forecast for Ukrainian wheat exports in 2025/26 MY.