Corn exports from Ukraine virtually stopped in September due to delayed harvest and lack of residues
As of September 11, corn exports from Ukraine are virtually non-existent — there were no shipments this month. The lack of surpluses and the delay in the new crop deprive the market of liquidity and block purchases. This is reported by Spike Brokers.
The gross harvest is 192 thousand tons (1% of the area), the yield is 3.55 tons/ha — 18% lower than last year. Last year, 6% of the area out of 1.1 million tons was threshed on this date, which demonstrates a lag in both pace and yield.
“In Ukrainian ports, corn was traded at $208 for delivery in October, while spot deliveries were paid +$10 extra during the week. On the western border — 184–186 €/t FCA Chop (November–January), which is about 225 €/t delivered to Mon. Italy,” brokers report.
According to them, there is a shortage of quality corn in Italy. Brazilian imports have a high content of mycotoxins, which is why processors refuse to buy them. Against this background, prices in the ports of Ravenna and Venice have exceeded €250/t FCA, confirming a tight balance of supply and demand.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Sunflower oil prices continue to rise speculatively
Almost 9 mln tons of Ukrainian grain were exported
China purchases first US soybeans of the season
Afghanistan ready to import up to 1 mln tons of corn from Kazakhstan annually
Bulgaria: Rapeseed processing keeps expanding even as the harvest falls
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon