The export price of Ukrainian corn has declined due to large
stocks and limited demand for grain, which could only be exported by rail
across Ukraine's western border due to the Russian invasion, analyst APK-Inform
said on Saturday (April 9, 2022).
One of the world’s leading grains suppliers, Ukraine used to ship most of its agricultural goods via Black Sea ports, but with war raging along much of the coast, traders have been scrambling to transport more grain by rail.
“Large surpluses of corn and the prevalence of supply over demand continued to put pressure on prices,” the consultancy said in a report.
APK-Inform said demand corn prices with April-May delivery stood at $240-$250 per tone DAP on the Polish border, down by as much as $15 a tone from a week earlier.
Demand prices for corn on the border with Slovakia also fell to $245-$260 per tone, while the price for delivery to the Romanian port of Constanta stood at $300-$315 per tone. APK-Inform did not provide comparative figures.
Ukrainian officials have said the country’s corn stocks totaled about 13 million tones at the end of March, with only 300,000 tones of the grain exported during the month.
Russia calls its actions in Ukraine a “special military operation” to demilitarize the country. Western countries call it an unprovoked war of aggression.
|Source: Online/SZK
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