Ukrainian Corn Prices Edge Up Amid Blockade and Quota Constraints
New-crop corn export prices for early 2027 delivery have risen slightly on the Ukrainian market. According to APK-Inform, bid prices for January-February delivery have increased by EUR 1-2 per ton to EUR 192-198 per ton FCA Chop.
The price increase is attributed to a combination of logistical and fundamental factors, including the blockade of Black Sea ports and quotas for grain trains to the western border being almost fully booked for other crops. This has resulted in transport costs surging in October-December.
Despite the challenges, a rising trend is emerging for more distant delivery periods due to strong long-term demand for Ukrainian corn. The EU's largest corn deficit in 19 years has driven up prices, while buyers are shifting to the western border and limited domestic consumption.