In the Danube ports and on the western borders of Ukraine, the price of corn has fallen

Published 2022년 11월 16일

Tridge summary

Last week, the demand prices for fodder corn on the western borders and in the Danube ports decreased due to an increase in cargo flow and a fear of farmers about storing large volumes of grain. However, this decrease was offset by the constant demand of importers, the reduction of the corn harvest in the EU due to this year's drought, and the possibility that agricultural producers may not have time to collect part of the harvest. The prices of importers with delivery in November-December on the border with Poland and Romania decreased to 220-240 EUR/t DAP, with Hungary and Slovakia – to 225-245 EUR/t DAP, and in the port of Constanta remained within the range of 270-285 EUR/ t CIF.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to IA "APK-Inform", last week, on the western borders and in the Danube ports, there was a trend of decreasing demand prices for fodder corn against the background of an increase in cargo flow in these directions. The increase in the number of offers exerted key pressure on prices. In addition, the seasonal factor, in particular the final stage of the harvesting campaign, and the fear of farmers, mainly from the south of Ukraine, to store large volumes of grain contributed to the price reduction. However, these factors were somewhat offset by the constant demand of importers, the reduction of the corn harvest in the EU against the background of this year's drought, and the probability that agricultural producers will not have time to collect part of the harvest and will be forced to leave it in the field for the "wintering". Demand prices of traders in the Danube ports for corn ...
Source: Agravery

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