Corn and rapeseed exporters are looking for cheaper logistics

In October, corn and rapeseed are bought at attractive prices only in ports of EU countries. Instead, a situation has developed in the soybean market where foreign and domestic prices compete with each other.

This information was made public by the All-Ukrainian Agrarian Council. According to the All-Ukrainian Agrarian Council, the attractiveness of the price of corn is affected by the weak export through the Black Sea ports.

“Of the 35 chartered ships, only 5-10 are loaded with corn, the rest export Ukrainian wheat. Therefore, the prices in the ports for this crop fluctuate in the ports of Odesa from 105 to 115 dollars per ton, and in small ports they give 120-130 tons for corn. On the other hand, in the ports of Italy and Romania, the price is better – 185-192 dollars per ton. That’s why exporters are looking for cheap wagons for long-distance export,” the analysts explain.

According to experts, the situation is similar on the rapeseed market — it can be sold profitably only in the port of Riga. In order to get a bigger profit, it makes sense to take there only sellers from the northwestern regions of Ukraine. Otherwise, you can sell rapeseed only at cost.

“Today, exporters are ready to buy a ton of soybeans from your factory for UAH 13,500,000. But it is already possible to hand over to processing enterprises within the country for 15,000 UAH. That’s why producers are thinking about handing over soybeans to pulp producers,” the All-Ukrainian Agrarian Council noted.

At the same time, soybeans in Ukrainian ports on the Danube cost 365-375 dollars per ton, and in Poland and Romania it costs 380-400 dollars per ton. Experts predict an increase in the price of this crop at the beginning of November by about 5 dollars in our ports and up to 15 dollars in European countries.