As of today, Ukrainian wheat is not competitive, prices have decreased — analysts

Prices for corn and wheat have decreased by approximately $5-6/t due to difficulties with shipment at ports, increased logistics and insurance costs. This is reported by Latifundist.com. According to Bogdan Kostetskyi, co-owner and operational partner of Barva Invest, demand for Ukrainian grain among multinationals has fallen. Uncertainty regarding export prospects and changes in related costs are stimulating a slowdown in demand. "Corn (has decreased, — ed. note) to $200-203 DAP POC, wheat of the 4th class to $207-209, of the 3rd class to $212-214. The reasons are unpredictable changes in the capacity for accumulation and shipment of goods at ports, higher costs in the supply chain from transportation (rail and road) to freight (higher insurance for goods and ships)," he says. Demand for FOB is cooling due to risks. CIF remains stable for now, but in the case of further complications in exports from the Black Sea, the reaction could be an increase in prices. "At the same time, ...