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    Home > Food News > Food Articles > Ukrainian corn prices fall sharply since early April

    Ukrainian corn prices fall sharply since early April

    • Last Update: 2022-05-11
    • Source: Internet
    • Author: User
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    According to the APK-Inform news agency, the price of feed corn in Ukraine has fallen rapidly since the beginning of April .

     
    A key factor for price pressure is the lack of demand from traders as the blockade has halted the supply of grain to external markets via seaports, resulting in an oversupply of the crop on the market, while forecasting a high carryover balance for the current year
    .
    Prime consumers, in turn, have typically built up corn stocks needed for the job and are currently sourcing them on demand, mostly in small batches
    .
    In addition, many livestock enterprises close to war zones or occupied territories are temporarily unable to operate normally, and in some cases face the need for free distribution of livestock or a large number of deaths,
     
    As of April 13, the demand price of feed corn announced by a number of processors was between 6,100-7,000 UAH/t CPT, and the purchase price in the southern region reached 7,400 UAH/t under the same conditions, that is, 500-1,200 UAH/t lower than the beginning of the month
    .
     
    At the same time, many buyers indicated that they intend to lower demand prices further against the backdrop of brisk offers and farmers' willingness to forgo prices
    .
    Feed corn price
     
    A key factor for price pressure is the lack of demand from traders as the blockade has halted the supply of grain to external markets via seaports, resulting in an oversupply of the crop on the market, while forecasting a high carryover balance for the current year
    .
    Prime consumers, in turn, have typically built up corn stocks needed for the job and are currently sourcing them on demand, mostly in small batches
    .
    In addition, many livestock enterprises close to war zones or occupied territories are temporarily unable to operate normally, and in some cases face the need for free distribution of livestock or a large number of deaths,
     
      As of April 13, the demand price of feed corn announced by a number of processors was between 6,100-7,000 UAH/t CPT, and the purchase price in the southern region reached 7,400 UAH/t under the same conditions, that is, 500-1,200 UAH/t lower than the beginning of the month
    .
     
      At the same time, many buyers indicated that they intend to lower demand prices further against the backdrop of brisk offers and farmers' willingness to forgo prices
    .
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