According to APK-Inform, the export prices of Ukrainian corn continued decreasing last week.
High carry-over stocks, coming finish of planting campaign and favorable weather remained the key bearish factors. A need to free storing facilities pressured the prices too. Additionally, moderate demand from the EU and Turkey, who are the main buyers of Ukrainian corn now, weighted on the market as well. Logistics remained complicated and expensive.
The bid prices of Ukrainian corn for delivery in July-August decreased to 220-240 USD/t DAP Poland, 240-255 USD/t DAP Slovakia and 215-230 USD/t Hungary.
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