This week, the Ukrainian market continued to see a gradual decline in feed corn prices on a FOB Black Sea basis, according to the information and analytical agency APK-Inform.
“Prices remained under pressure throughout the week due to slow sea export rates as a result of systematic attacks by the Russian Federation on Ukraine’s port and energy infrastructure, which led to shipment disruptions, which, in turn, restrained importers’ demand,” analysts said.
At the same time, they noted that corn remains the most active export crop for Ukraine, but this has not been able to offset the factors putting pressure on prices.
Indicative bid/ask prices for feed corn with delivery in December-January from Black Sea ports fell by 1-3 USD/ton in less than a week under the influence of these factors to 210-218 and 214-222 USD/ton, respectively, according to APK-Inform.
