The resumption of purchases by China halted the fall in corn prices in Ukraine

Against the backdrop of a decrease in world corn prices due to improved weather conditions in Argentina and Brazil, purchase prices in Ukraine during the past week fell to $135-140/t with delivery to Black Sea ports. However, the resumption of purchases by buyers from China, where the New Year celebration ended, led to an increase in demand and an increase in prices to $140-145/t. In addition, traders faced with reduced supplies amid falling prices were forced to pay extra for fast deliveries to fulfill contracts. On the western border, corn was bought at €120/t or $130/t before being loaded onto European trains, but demand from the EU continues to decline. The growth of the dollar exchange rate on the interbank exchange due to the uncertainty with financial assistance from the USA supports hryvnia purchase prices at the level of UAH 5,900-6,050/ton. The export of corn is quite active, and for February 1-27, it amounted to 2.455 million tons (2.935 million tons for this period ...