Ukraine corn prices hit 2025 low amid harvesting progress, demand slowdown

Ukraine’s corn prices have reached their lowest point in 2025, driven by the advancing new crop harvest and a slowdown in demand from destination countries. Platts assessed Ukraine corn FOB POC at $213/mt for handy cargo on Oct. 6, for loading between Nov. 3-17. This marks a drop of $28/mt over two months, down from $241/mt on Aug. 6. Ukraine corn had previously reached this level on Dec. 4, 2024. The new crop from Ukraine, which began arriving in the market in October, was priced lower due to anticipated high production this season, leading to increased supply. This is in contrast to the previous season, when the new crop was priced higher than the current crop due to limited supply. Initially, prices had risen because of harvest delays caused by adverse weather conditions. However, as the harvest progresses, prices have started to decline, coinciding with a slowdown in demand from primary destination countries, including Turkey and Egypt. A seller from Ukraine said, “Harvesting ...