Corn prices in Ukrainian ports have reached parity with wheat

Corn prices in Ukrainian ports have reached parity with wheat


Limited supply and active demand from importers are pushing prices up, despite downward trends in world markets.

Demand prices for feed corn on the Ukrainian export market continue to grow. This is reported by APK-Inform.

The main factors behind the price increase are the reduction in domestic grain stocks, limited supply from farmers and high demand from foreign buyers. At the same time, global markets are showing the opposite dynamics – corn prices are mostly decreasing there.

As of April 23, in the ports of Great Odesa, demand prices increased by 1–3 US dollars per ton – to the level of 231–240 $ / t (CPT-port terms). In Danube ports, the increase was an average of 1 $ / t, and prices reached 228–235 $ / t.

Interestingly, the prices for feed corn have almost equaled the prices for food wheat, and in some places even exceeded them, which is an atypical situation for the market.

The day before, USM wrote that the EBA called for a review of UZ tariff distances to the ports of Chornomorsk and Odesa.