Sections

Bid prices of Ukrainian wheat, corn stable despite blackout and slow export – APK-Inform

Source

APK-Inform

3293

According to APK-Inform, the bid prices of traders for Ukrainian wheat and corn remained stable last week in the ports of the Danube and Great Odesa due to lower trade amid temporary blackout in the country.

As a result of Russian missile strikes on Ukraine's energy infrastructure on November 23, 90% of Ukrainian territory was left without electricity, which negatively affected logistics, transshipment and, in general, the operation of the local export market. Due to the lack of electricity, a number of checkpoints at the border temporarily did not work. A number of sections of the railroad were de-energized. Almost all sea and river ports of Ukraine were forced to suspend work.

Moreover, the supply was still prevailing over the demand. However, expensive logistics, slow progress of the harvesting campaign and desire of farmers to keep the prices at higher level limited the pressure.

Traders’ prices of corn in the ports of the Danube and Great Odesa totaled 162-190 USD/t CPT-port, sometimes maximal prices were announced at 195-205 USD/t. The bid prices of corn totaled 265-275 EUR/t CIF Constanta. Traders’ prices of food and feed wheat totaled 168-205 and 160-190 USD/t CPT-port, sometimes maximal prices were announced at 210-215 and 195 USD/t.

Follow our newswire to stay informed about further development of Ukrainian grain market. More detailed information is available for those subscribed at our weekly reports.

Advertising