Ukrainian traders reduce demand prices for corn in deep water ports

Updated Feb 28, 2023
Uncertainty about the future of the "grain agreement" is increasingly holding back trading activity in the direction of deep-sea ports and putting pressure on the purchase prices of traders. Anna Tanskaya, Head of the Department of Grain and Oilseeds Markets at APK-Inform Agency, told about this. “The Ukrainian side focuses on the continuation of the “agreement” for a year at once, expanding the range of exports and including the Nikolaev ICC in this initiative. It is also noted the need to normalize the work of the "corridor" due to the elimination of sabotage with checks by Russian inspectors as part of the SKC. The prolongation of the "agreement" for a year instead of 120 days will provide an opportunity for planning, which is especially important for the forward market. However, market participants are rather reserved. The majority is inclined to believe that after March 19 the "corridor" will continue to work on the same conditions as now (including with the preservation of ...
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