Demand in the corn market continued to support prices in Ukraine
Corn price adjusted $210–212/mt (+$2–3/mt over the week) for grain delivered CPT Odesa.
In January, exports totalled 2.7M mt, with the majority going to Turkey (625K mt), Italy (606K mt) and Spain (280K mt).
Prices in Ukraine are being supported by steady demand from southern European countries.
According to Eurostat, the EU increased its corn purchases in January and is increasingly importing from Ukraine, while the US is currently focused on the Mexican and Japanese markets.
More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics “Black Sea & Danube Grain Market” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!
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