Last week, the prices for wheat and corn decreased at the Danube ports and on the western borders of Ukraine, Anna Tanska, head of the department of grain and oil markets of APK-Inform Agency reported.
"One of the key factors of pressure on prices was the further reorientation of trade flows to alternative export routes due to the extremely slow pace of delivery by the deep-sea ports amid total uncertainty regarding the further work of the "grain corridor", – commented A. Tanska.
Besides, in her opinion, the increase in the number of offers from farmers ahead of the start of the active phase of spring fieldwork was no less important factor. The supply prevailed over the demand in all export directions, due to which buyers covered their urgent needs quite quickly and at the same time had the opportunity to insist on lowering the prices.
At Danube ports, bid prices for milling and feed wheat decreased to 200-215 and 200-208 USD/t, and for corn – to 200-209 USD/t.
Bid prices for corn in terms of DAP-border with Poland declined by 5 USD/t to 195-210 USD/t, Slovakia – by 10 USD/t to 200-210 USD/t, and Romania – to 195-205 USD/t, at the same time prices increased slightly in terms of DAP-border with Romania – to 205-210 USD/t. Bid prices for milling wheat at the border with Poland lost 5-10 USD/t and amounted to 210-220 USD/t DAP.
The prices for milling and feed wheat at Constanța port (Romania) declined by 10 USD/t to 270-274 and 265-270 USD/t on the basis DAP/CIF. Offer prices for corn on the basis CIF Constanța, sometimes reached 277 USD/t, at the same time bid prices did not exceed 265-270 USD/t DAP/CIF.
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