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In the Ukrainian ports of Reni and Izmail, prices for demand for corn have fallen

Last week the prices for Feed corn in the Danube ports of Ukraine has fallen, while the purchase prices for the specified culture with delivery to the Romanian port of Constance have remained stable.

The main factors influencing price formation were the prevailing supply in the domestic market in terms of excess corn stocks and subdued demand from importers, including Turkish. The partially indicated price dynamics was due to a decrease in indicators for corn on the basis of FOB in the ports of the Black Sea.

Corn demand prices in the ports of Reni and Ismail fell by 20 on average USD/Tonne to 190-220 USD/tonne CRT–Port and on a FOB basis by 10 USD/tonne to 250-260 USD/tonne. The prices for the demand of Turkish importers in the majority did not exceed 270-275 USD/ton.

Prices on demand crops delivered to the port of Constance (Romania) in June and July were in the range of 270-285 USD/ton.

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