Turkey and Italy actively bought Ukrainian corn

In December, corn exports amounted to 2.2 million tons, with the Mediterranean region and the EU being the key destinations, which together accounted for over 60% of total supplies.

This was reported by analysts at Spike Brokers.

The largest volumes were sent to Turkey (722.9 thousand tons) and Italy (456.3 thousand tons), which confirms the dominance of Europe and the Mediterranean countries as the top markets. Asia provided a smaller but significant share of exports, in particular South Korea (101.6 thousand tons) and China (58.0 thousand tons).

Seaports gradually began to resume operations in conditions of active shelling by the aggressor, adapting to reduced electrical voltage and compensating for the electricity shortage by installing diesel generators. The increase in water discharge rates led to temporary shortages at ports as suppliers held back shipments to ports during the holiday season and due to uncertainty about port operations following active missile attacks.

The spot price index for corn delivered CPT-port (30 days) rose to $206, $2 above last week’s close. The western border market is in a low-traffic phase due to the holiday season and European holiday season. Nominal prices remained at €180 FCA Chop for delivery in February-May.

Tags: export, Italy, Ukraine, corn, Turkey