Due to the restraint of sales by farmers, corn is becoming more expensive in the ports of Ukraine again - expert

Published 2021년 2월 20일

Tridge summary

The article, authored by Anna Tanska, provides an overview of the current situation and forecasts for the global corn market, with a particular focus on Ukraine. It highlights the factors influencing market dynamics, such as limited sales by farmers, fluctuations in oil prices, and uncertainties in South American crop production. While some agencies suggest increased future harvest estimates due to favorable conditions, others remain skeptical and predict reductions. This is balanced by increased world production and stock forecasts by USDA experts, leading to heightened competition.

Corn prices in Ukraine have seen fluctuations, with a decrease in early January followed by an increase back to around 8.15-8.45 thousand UAH / t CPT port by mid-February. However, the demand for Ukrainian corn remains low due to weak EU imports and reduced Chinese purchasing activity. Additionally, the article notes a decrease in Ukraine's share in the global pea market to 4%.

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

Original content

This was reported by Anna Tanska, head of the local markets department of IA "APK-Inform", apk-inform.com reports. "Prices were supported by restraining sales by farmers, some strengthening of oil prices and ambiguous prospects for the production of this crop and soybeans in South America. Some analysts raise estimates of future harvests amid prolonged heavy rains and improved crops, but some agencies consider them to be overdue and, despite the completion of corn sowing in Argentina and a significant delay in soybean / saffron sowing, will reduce their estimates in Brazil. reports Tanskaya. However, this is offset by USDA experts raising the forecast for world production and final stocks of the current season, as well as estimates of exports (including from the US, Argentina and Brazil), which will increase the already high competition in this market. "Having decreased from the end of January by 400−600 UAH / t - to 7.9−8.2 thousand UAH / t CPT port, from the middle of the ...

Source: Agravery