The situation on the Ukrainian wheat market remains largely unchanged due to complicated and expensive logistics, while the corn market is suffering from slow export growth and anticipates a seasonal increase in supply, consulting firm Barva Invest reported on its Telegram channel.
The price of Ukrainian 11.5% wheat on DAP-Danube terms stood at $172–178 per metric ton on September 21.
“The situation on the Ukrainian wheat market remains largely unchanged—exports remain costly and complicated due to Russia’s ongoing attacks on port infrastructure, and the logistics situation is unlikely to improve in the near future,” Barva Invest noted.
According to the company, the most active export routes for Ukrainian wheat remain the Romanian port of Constanta and the Vadul Siret border crossing. At the same time, exports through Ukrainian Danube ports remain extremely difficult due to constant attacks by Russia.
On the Ukrainian corn market, the DAP-Danube price on September 21 stood at $170 per metric ton.
“The Ukrainian corn market continues to suffer from a lack of its usual export pace, while at the same time anticipating a seasonal increase in supply. Logistics are expensive and complicated, which does not facilitate the conclusion of new deals,” Barva Invest noted.
