Ukrainian corn price hitting new highs
UkrAgroConsult
Article author:
As of mid-January, Ukrainian corn at the highest price level since MY 2012/13. Abnormal price rises were lately seen in MY 2013/14 and MY 2017/18. However, those seasons featured bad harvests, whereas the current season, on the contrary, witnesses a record increase in global production – up 1.6% on the year and up 0.5% from the second highest (MY 2016/17).
The key reasons why prices of Ukrainian origin behave this way include the following:
– strong foreign demand (primarily from China),
– the reluctance of Ukrainian farmers to sell the commodity,
– understated expectations of market participants about the final crop size.
Ukrainian prices follow trends in the world market, where the price rally was driven by a feeling of tight supply of South American corn after all-time record shipments in the previous season.
According to UkrAgroConsult, Ukraine’s corn export potential in September-January is realized at 40-45%.
Full version of the article is available to subscribers for Online Analytics “Black Sea Grain” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!!
Start using analytical data and increase your efficiency now!
Register to get your demo access: http://agrisupp.com/en/register/1
Tags: Ukraine, corn, corn price
Read also
Growing demand for corn in Vietnam points to increased imports
BLACK SEA GRAIN. KYIV conference brought together grain market participants and ex...
Argentina bug invasion knocks $1.3 billion off corn crop
Growth of corn prices in Ukraine limits the fall in world prices
Argentine farmers call for ‘urgent’ end to wheat export taxes
Write to us
Our manager will contact you soon