Against the background of increased offers, the growth of corn prices in Ukraine has stopped

Published 2023년 12월 7일

Tridge summary

Due to the active growth of corn prices in Ukraine, farmers increased sales, leading to queues at ports and traders limiting purchases and slightly lowering demand prices. The increase in the cost of ship freight, caused by Russian attacks on port infrastructure, also led to a decrease in purchase prices. The export of corn from Ukraine decreased, and low demand from the EU limits the country's export potential, especially with increased supplies of corn from Brazil to China.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Against the background of active growth of corn prices in Ukraine, farmers significantly increased sales, as a result of which queues formed in ports, and traders limited purchases, and even slightly lowered demand prices. This is reported on the website of the Electronic Grain Exchange of Ukraine. Purchase prices decreased by $1-3/t to $150/t or UAH 6,000-6,050/t with delivery to Black Sea ports and $156-162/t or UAH 6,200-6,300/t with delivery to Danube ports. Trucks stand in the ports in queues for 2-4 days, so traders stopped raising prices. At the same time, the increase in the cost of ship freight, caused by new Russian attacks on the port infrastructure of Ukraine, led to a decrease in purchase prices. The defense forces of southern Ukraine reported that on December 6, the Russian military dropped explosives three times along the alleged route of the ships in the Black Sea, and on the night of December 7, they attacked the Izmail district of Odesa for two hours with attack ...
Source: Agravery

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