According to APK-Inform, the export prices of Ukrainian corn were quite stable with slight downward trend at the western borders last week.
Huge corn carry-over stocks, limited number of European buyers, delays in contract performance and logistical problems pressured the prices. However, these factors were offset by stronger corn export compared to other crops, concerns about US and South American corn production and worse prospects of global corn output and stocks in 2022/23 MY published in the May WASDE report.
On the Polish border, the bid prices of corn totaled 230-250 USD/t DAP Izov (May-June) and 225-240 USD/t DAP Yahodyn. The bid/offer prices totaled 250-260/255-265 USD/t DAP Chop (Slovakia) and 245-255/250-260 USD/t DAP Mohyliv-Podilskyi (Moldova). The bid prices totaled 280-295 EUR/t DAP Lithuania, 295-305 EUR/t DAP Latvia, 305-315 EUR/t DAP Estonia.
As a reminders, the week ago the prices increased slightly.