Grain prices in Ukrainian ports are rising due to high demand

Ukrainian exporters continue to actively supply grain and oilseed crops, despite the difficult situation in the region.

Exports of Ukrainian grain and oilseed crops in January demonstrate stable volumes. This is reported by analysts at ASAP Agri.

During the period from January 1 to 22, 1.75 million tons of corn, 610.5 thousand tons of wheat and 33.1 thousand tons of barley were shipped from Ukraine. Soybeans also occupied an important place in the export structure, reaching 157.3 thousand tons, and rapeseed – 63.8 thousand tons.

Among processed products, the largest volume is sunflower oil, the export of which amounted to 240.4 thousand tons. High export figures for soybean oil – 28.1 thousand tons and cake (sunflower and soybean) – 241.8 thousand tons are also noted.

Prices at ports also show positive dynamics. The cost of corn on DAP Odesa terms has increased to $214-215, and sunflower oil has risen to $1,115 per ton. Demand from European buyers remains high, in particular, soybean and corn volumes are being actively contracted for February.

While the Ukrainian market is showing stability, European importers are increasing purchases. Corn imports to the EU from July 1 to January 19 increased by 4% compared to last year and amounted to 11 million tons. However, Ukraine’s share in this segment decreased from 58.8% to 56%, giving way to the USA, whose share increased to 16%.

The situation is somewhat different on the soybean market. The EU increased imports by 15%, reaching 7.9 million tons. Ukrainian suppliers increased their share from 8% to 11.1%, exporting 0.88 million tons, but the USA and Brazil remain leaders with shares of 51% and 31.2%, respectively. As USM recently reported, Ukraine exported the second “handy size” of sunflower in the 2024/25 MY.