New-crop supply continues to weigh on Ukrainian corn prices
Export prices at the Danube ports fell by USD 15/t, while EXW purchase prices also declined during the week October 9–16. As harvesting progresses, prices are likely to remain under pressure over the coming weeks, with no rapid improvement expected.
Corn exports remained weak during October 1-14, totalling just 114 K mt compared with 500 K mt over the same period last year. As of October 12, harvesting had covered 589 Kha, with production reaching nearly 3.5 mln tons. Harvesting is progressing approximately 50% below the long-term average pace.
Source: UkrAgroConsult database AgriSupp
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