High supply keep on pressuring corn prices on Ukrainian land borders – APK-Inform

Source

APK-Inform

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According to APK-Inform, the prices of Ukrainian corn remained quite stable on land border last week, however, slight downward trend was observed.

Limited number of the EU’s importers, overloaded logistics, high supply and declining prices of corn in the domestic market put the pressure on the export prices. Lower demand from European processors and poultry breeders amid the spread of the bird flu weighted on the Ukrainian market as well.

The bid prices declined by average 5 USD/t to 235-250 USD/t DAP Izov (May-June). The prices stayed at 230-235 USD/t DAP Yahodyn. The bid/offer prices of corn were mainly stable at 250-260/255-265 USD/t DAP Chop and 245-250/250-260 USD/t DAP Mohyliv-Podilskyi.

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