News

China bought a large amount of feed corn from Ukraine

Maize (Corn)
Grains, Cereal & Legumes
China
Market & Price Trends
Published Mar 1, 2024

Tridge summary

Chinese importers have significantly increased their purchase of Ukrainian feed corn, with recent estimates suggesting a total of at least 240,000 tons bought in four separate batches. The grain, which is considered the cheapest in the world, was purchased at prices between $227 and $230 per ton C&F. Despite the logistical challenges of shipping from Ukrainian ports and across the Red Sea, the supply of Ukrainian corn to China continued in large quantities in February, with deliveries made through the territorial waters of Romania and Bulgaria.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Last week, Chinese importers bought a significant amount of Ukrainian feed corn, international news agencies reported, without specifying a specific amount. However, traders' estimates indicate that the delivery of at least 240,000 tons of corn in 4 batches of 60,000 tons each has been agreed. However, market players indicate that at least 10 lots have been purchased and will depart in March and May. Prices at which grain was purchased from Ukraine ranged from $227 to $230 per ton C&F (including freight to China). Traders comment that Ukrainian corn is the cheapest in the world and this justifies the risks of sending it from ...
Source: Sinor
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