All Ukrainian Agrarian Council: Ukrainian corn loses to American corn in price

Analysts also predict a possible decrease in prices for Ukrainian corn.

This was reported by the Всеукраїнська аграрна рада (ВАР).All-Ukrainian Agrarian Council (VAR).

Thus, as of May 5, Ukrainian corn exports amounted to 255 thousand tons, and, according to forecasts, May will still remain an active month for trade.

“However, we can already prepare for a possible decrease in prices. Currently, Ukrainian corn is significantly losing out to the American price,” analysts report.

Last week, Spanish importers bought corn from the United States at $245–247 per ton, while Ukrainian products were offered to the Spanish market at $268–273. The situation is similar in other key areas – in Egypt and Turkey, where American corn is cheaper by $20–25 per ton, which forces importers to reconsider priorities in favor of the United States.

The VAR notes that at the same time, the domestic market is demonstrating relative stability.

“Last week, conditional prices reached $240–243 per ton. In hryvnia equivalent, the cost of corn in ports is at the level of 11,400–11,500 UAH/t. But already in June, a significant drop in prices is possible without further recovery, because the market is objectively “overheated,” — analysts emphasized.

As a reminder, as of early May, Ukraine had exported 35 million tons of grain since the beginning of the season. In particular, 18.43 million tons of corn (versus 22.5 million tons in 2023/24 MY).