Ukraine exported a batch of corn to China after a long pause, no recovery in demand
Ukraine recently exported a shipment of corn to China after a long period of low demand, ASAP Agri reports.
Senior analyst at Argus Media Alexey Eremin noted that it is worth refraining from misinterpreting this shipment, as there is no concrete evidence that would indicate the recovery of sustainable demand in China.
According to him, the situation on the Ukrainian corn market remains complicated, if one batch of Panamax managed to attract disproportionate attention of the market.
Earlier, ASAP Agri wrote that the significant growth of the Chinese demand for corn remains unlikely. The corn shipment in question was made by the buyer, who wanted to use his open quota for corn imports to avoid the quota reduction for the next year.
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
Romania proposes joint NATO command to protect the Black Sea
Drought in India threatens sugar and biofuel production
Record sunseed harvest in Russia threatens to drive down prices in Kazakhstan
Corn drying costs in Ukraine could exceed the value of the grain at current prices
Oilseeds remain the only profitable segment of crop production in Russia
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon