Logistical woes in Ukraine drive corn prices higher as port delays persist

Ongoing logistical challenges in Ukraine’s internal market are significantly delaying corn availability at ports, resulting in rising prices, according to traders. Traders indicated that CPT prices to the ports are increasing due to difficulties in delivering harvested corn, which is subsequently reflected in the FOB price. The cost of logistics has also surged. A trader in the origination market said, “Costs have increased by $15-$20, almost doubling, and the wagon turnaround time has decreased by half.” Continuous bombings and attacks have severely impacted the railway system in the country, exacerbating logistical issues. A broker from Ukraine said, “There are delays in deliveries because of the ongoing bombings.” Another seller in the origination market added, “CPT prices are rising due to a lack of products in the ports because logistics are terrible. Rocket attacks have made railway operations very challenging.” Additionally, infrastructure obstacles, including electricity ...