Ukraine's Corn Market Slows Down Amid Late Harvest and Carryover Stocks
The Ukrainian corn market has started to feel the effects of the late-season harvest, significant carryover stocks, and subdued demand from most consumers. According to APK-Inform, as of September 7, farmers in five regions, Dnipropetrovsk, Zaporizhzhia, Kherson, Poltava, and Lviv, had harvested 43,200 metric tons of corn from 12,000 hectares.
The average yield was 35.9 centners per hectare. Experts say that prices for new-crop grain ranged from 6,000 to 7,000 UAH/metric ton CIF, while demand prices for old-crop corn were mostly in the range of 7,000-8,000 UAH/metric ton.
As a result of subdued demand and ample supply, Ukrainian feed corn prices have begun to fall. Last week, feed corn was sold at Ukrainian ports in the range of $173-180 per metric ton on CPT-port terms.