Corn prices keep on growing in Ukrainian ports of the Danube – APK-Inform

Source

APK-Inform

2626

According to APK-Inform, the bid prices for corn increased slightly in the Ukrainian ports of the Danube (Reni and Izmail) last week.

The upward trend on the European market amid dry weather as well we forecasted frosts in Brazil supported the prices of Ukrainian corn. Additionally, the USDA and the IGC forecast decrease of global corn production and export in 2022/23 MY that pushed the prices up too. Moreover, the export of corn is much higher compared to the other crops. Higher transportation costs amid fuel deficit and its elevated prices supported the corn prices as well. At the same time, large carry-over stocks and limited logistic capacities did not let the prices to rise higher.

The bid prices of corn increased by 5-10 USD/t to 235-255 USD/t CPT-port.

The bid prices of corn for delivery to the port of Constanta remained steady at 285-305 USD/t or 275-290 EUR/t. The prices for delivery to port of Giurgiulești totaled 240-255 USD/t.

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