Corn prices in Ukraine reach over $240/t, exceeding food wheat prices

Published Apr 29, 2025

Tridge summary

Corn prices in Ukraine have surged due to a supply shortage, reaching higher than feed wheat prices, causing some international traders to cease purchasing. The increase in corn export prices from Black Sea ports has also led some to favor feed wheat. Despite these challenges, the South Korean Corn Producers Association has purchased a significant amount of non-GMO food corn for delivery in late 2025. As a result of frost and rainfall issues, only 18% of the planned corn sowing area in Ukraine has been prepared, leading to lower than expected corn exports. This situation is mirrored in the US, where 24% of the planned corn sowing area has been prepared, a slight increase from the average, and where exports have experienced a 4% decrease despite strong supplies to the EU and Mexico. Argentina is speeding up its corn harvest due to excessive soil moisture, aiming to increase the supply of the new crop in the global market.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Corn prices in Ukraine continue to rise amid a shortage of supply and the need for traders to fulfill contracts and have already exceeded feed wheat prices by $15-16/t, but the market has seen the first signs of a decline in overheated prices. During the week, corn export prices in Black Sea ports increased by $4-5/t to $238-241/t or UAH 11,100-11,200/t, but for large batches or quick delivery, traders paid $243/t, while for food grade 2 wheat they offer no more than $237/t, and for feed wheat - $228/t. Some international traders have already stopped purchasing Ukrainian corn, as they cannot sell it on the world market due to the high price. Therefore, only those companies that need to fulfill contracts for the supply to Turkey, where the duty-free import of 1 million tons of grain is ending, are buying corn. Processors in Ukraine are also abandoning expensive corn in favor of much cheaper feed wheat. The South Korean Corn Producers Association (KOCOPIA) last week purchased ...

Source: Graintrade