Prices for Ukrainian corn in Danube ports are falling

Prices for Ukrainian corn in Danube ports are falling


Purchase prices for new crop corn in Danube ports have decreased to $165–170/t CPT-port.

On the Ukrainian export market, demand prices for feed corn are showing a downward trend. This is reported by APK-Inform Agency.

The trend is due to the beginning of the arrival of the new crop against the background of high transitional stocks — about 5.5 million tons — and the critical state of export logistics. The blockade of the ports of Greater Odessa and the high cost of alternative routes through the Danube and the western borders make the shipment of corn unprofitable compared to oilseeds.

The situation is complicated by the Ministry of Economy’s increase in minimum export prices above the market level — in particular, to $195 per ton at CPT. This actually makes customs clearance impossible.

Additional pressure is created by restrained demand from buyers who expect further market decline. Global competition from the US, Brazil and Argentina is also intensifying, and Turkey intends to postpone mass imports until February.

As of September 17, purchase prices for new crop corn in Danube ports are mostly $165–170/t CPT-port. This is $3–10/t less than at the end of last week.

Meanwhile, UCAB proposes that the government give priority status to agrologistics and port processing of agricultural products with high added value.