«The world quotations had time to react to news about „grain agreement“ by jumps up and then down, meanwhile the local market remained little sensitive to external fluctuations. Only the most liquid sector of corn has undergone price changes, because it remains the most active export crop», commented the head of the Grain and Oilseeds Markets Department of APK-Inform Anna Tanskaya.
However, according to the expert, it was not enough to even out the influence of the seasonal factor and considerable remains of the grain crop last year. Besides, the importers' demand for export by sea was still extremely low, port capacities were full and some terminals resumed their work only at the end of the week.
Thus, indicative bid prices for feed corn with delivery in November from the Black Sea ports for a week decreased by 5−10 USD / t, to 265−285 USD / t FOB.
«The current prices for Ukrainian grain make it quite competitive on the world market. However, due to uncertainty about the further work of the „grain corridor“, high freight rates and high risks, it is not in demand, importers often insist on an even greater discount, so the real proposals continue to arrive at below-market prices,» A. Tanskaya said.
PigUA.info by agravery.com