Corn prices in Danube ports rose by another $2–6/t

Purchase prices for feed corn in Danube ports have increased to $167–175/t CPT-port.
The Ukrainian export market for feed corn is experiencing an upward price trend. This is reported by APK-Inform Agency.
In Danube ports, the trend is being formed under the influence of two opposing factors. On the one hand, the increase in European stock market quotes to their maximums and high export demand create the basis for an increase in prices at port bases.
On the other hand, the critical load on Danube logistics prevents this increase from being directly translated into purchase prices. The long wait for the passage of shipping channels, war risks and the rapid increase in sea freight prices force exporters to include significant logistics discounts in contracts.
As a result, prices at the Danube base significantly exceed domestic prices, but high delivery costs and downtime risks limit a more active increase in purchase prices at the ports themselves.
As of September 23, purchase prices for feed corn in Danube ports were mostly $167–175/t CPT port. This is $2–6/t more than at the end of last week.
The day before, USM wrote that wheat in the world is becoming more expensive due to disruptions in exports from the Black Sea.
