Export prices for corn in Ukraine continue to rise

continue to hold back sales in anticipation of further growth. Cold weather is delaying the sowing of spring crops, so farmers will not be able to actively ship and sell corn in the next two to three weeks, which will exacerbate the supply shortage and lead to further price increases. Processors also raised corn prices to UAH 9,800-10,200/t delivered to the factory, which increases competition with exporters. According to brokers, prices for corn delivered CIF-Italy have increased from $255/t CIF (≈$227/t FOB) to $260–262/t, which is equivalent to $225/t CPT – Ukrainian ports. At the same time, Ukraine has already significantly covered Italian demand: since the beginning of the season, 2.8 million tons of corn have been shipped there compared to 2.3 million tons a year earlier. At the same time, Ukraine can export another 6-8 million tons of corn by the end of the season, but everything will depend on whether the price rises to last year’s level, when it reached $240-245/ton for ...