In December, the Ukrainian grain market demonstrates its highest activity primarily due to corn exports. Analysts note that this segment ensures a steady loading of the country’s ports and stable demand from foreign buyers. Global interest in Ukrainian corn remains significant, especially from European Union countries such as Spain and Italy, as well as Turkey.
This is reported by Finway
Demand for Corn and the Impact of the Security Situation
Importers are closely monitoring the situation in Ukraine, taking into account the threats associated with Russian aggression. According to traders’ estimates, a cessation of hostilities is not expected in the near future. In the event of a significant reduction in export volumes from Ukraine, the global market may face difficulties in promptly addressing a potential shortage.
Corn Prices and the Impact of Russian Attacks
Over the past week, prices for Ukrainian corn have been influenced by the continuous attacks of the Russian Federation on port and energy infrastructure. This has led to delays in grain shipments and pressure on market prices.
“Indicative demand/supply prices for feed corn with delivery in December-January from Black Sea ports have decreased by $1-3 per ton in less than a week – to $210-218 and $214-222 per ton respectively”.
According to market operators, this trend continues amid increasing risks for logistics and exports in general.