Maize for export from Ukraine has risen in price amid a drop in freight rates

Maize for export from Ukraine continues to rise in price while transportation costs decrease, which forces processing companies in the country to raise purchase prices to ensure sufficient supplies of the raw material, commented the Ukrainian subsidiary of the French company for trading and transporting agricultural products GrainTrade. During the week, the purchase prices of corn for export from Ukraine rose by $3-4 per ton to $159-161 (7,000-7,100 hryvnias) per ton for delivery to a Black Sea port, with growth in hryvnia weaker due to the stabilization of the exchange rate exchange rate of 39.5 hryvnias per dollar. In the increased competition with exporters, the processing enterprises raised the prices to 6300-6700 hryvnias per ton with delivery to the factory. However, farmers are busy with sowing, so offers for sale have decreased. They are expected to restore sales within a week. Last week, the rates for preoz of grain from the ports of Odessa and those on the Danube ...