Ukraine: Corn prices in the ports do not exceed $202/ton

Published Mar 21, 2023

Tridge summary

Ukrainian corn purchase prices are low due to Russian inspectors delaying vessels to Black Sea ports, causing additional losses for farmers. The backlog has resulted in a queue of 30-50 days for vessels, with one vessel being idle for 84 days. The Russian Federation refuses to speed up inspections and proposes a 60-day extension of the agreement, instead of the 120 days specified, contributing to the supply/demand imbalance in the Ukrainian corn market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In Ukraine, the purchase prices for corn remain at a low level of $198-202/t or UAH 7,800-8,000/t with delivery to the Black Sea ports as a result of the artificial delay by Russian inspectors as part of the SCC of vessels to the ports of Ukraine. This is reported by analysts of the GrainTrade electronic grain exchange. According to traders, vessels are in queue for 30-50 days (and one was idle for 84 days), which leads to additional losses in the amount of $30-35/ton and prevents farmers from receiving the market price for grain. At the same time, the Russian Federation refuses to speed up ...
Source: Agrotimes

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