Corn prices in Ukrainian ports fall for fifth week in a row

In the last month alone, corn in Danube ports has lost about $20 per ton.

Purchase prices for feed corn in Ukrainian ports continue to decline. This is reported by APK-Inform.

As of October 29, in Danube ports they are $147–155 per ton CPT-port, which is $3–4 less than at the end of last week. In the ports of Greater Odessa, prices fell by $4–5 — to $128–135 per ton.

Analysts call the lack of full access to deep-water ports, limited exports by rail and the Danube, congestion on the western border, and increased rates for renting grain trucks as key obstacles.

The situation is complicated by the growth of domestic supply due to the active promotion of the harvesting campaign and low export demand. Additional pressure is being created by world markets against the backdrop of accelerated harvest in the USA and increased competition from Brazil and Argentina.

The decline continues for the fifth week in a row. As recently as September 23, corn in Danube ports cost $167–175 per ton, meaning it lost about $20, or 12%, in a month. The sharpest decline occurred in early October — immediately by $7–10 per week.

In contrast, seaports yield about $20 per ton less than Danube ports. This is a direct reflection of the fact that deep-sea terminals are virtually inaccessible to exporters due to attacks on shipping.

Meanwhile, grain truck rental rates are rising. Starting in November, Ukrzaliznytsia will increase the fee for using wagons to UAH 3,771 per day — UAH 400 more than in October. Since the beginning of the year, this figure has increased approximately threefold.