Prices for Ukrainian corn should be reduced to $188-190/t to enter new markets
11.11.2024 - 10:29
According to the results of last week on the Ukrainian market, difficulties with exports limited the activity of traders in the ports of Great Odesa and the Danube.
Difficulties with exports limited the activity of traders in the ports, and on the western border prices fell to €185-188/t with loading into the Eurotrain. This is reported by Spike Brokers.
Despite the sharp rise in prices on the MATIF exchange, the physical corn market in Europe remains stable. Demand is mostly provided by domestic production and imports from Brazil and the USA.
According to Spike Brokers, under such conditions, in order to find new sales markets, Ukrainian exporters need to lower the price of corn to the level of $188-190/ton.
Latest price offers from buyers:
• DAP Ukraine (Odesa) ~194-197 $/t;
• DAP Ukraine (Danube) ~198-201 $/t;
• FCA Ukraine (border) ~186-188 €/t;
• DAP Netherlands (central) ~215-218 €/t;
• DAP Italy (Mon.) ~222-228 €/t.
The day before, USM wrote that the State Production and Consumer Service plans to open 240 new markets for the export of agricultural products within five years.
