News

China bought a large batch of Ukrainian corn

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

Tridge summary

Chinese importers have contracted to purchase at least 240,000 tons of fodder corn from Ukraine in four batches, with prices ranging from $227 to $230 per ton, including freight to China. Over 10 cargoes have been bought for loading in March and May. Despite the risks associated with shipments from Ukrainian ports and the crisis in the Red Sea, the low cost of Ukrainian corn, currently the cheapest globally, makes the deal worthwhile.
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

According to market operators, last week Chinese importers bought a significant amount of fodder corn from Ukraine, Nasdaq reports. The exact volume of the purchase is not specified, however, according to some traders, at least 240,000 tons of grain were contracted in four batches of 60,000 tons each. The purchase price of Ukrainian grain ranges from $227 to $230 per ton, including freight (C&F) to China. At the same time, market operators note that more than 10 cargoes were purchased, all for loading in March and May of this year. As traders note, Ukrainian corn is currently the cheapest in the world and this justifies the risks ...
Source: Agravery
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