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Increasing corn exports: Ukraine increases supplies to China
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Increasing corn exports: Ukraine increases supplies to China

Ukraine has increased its corn exports to China thanks to the continued operation of water ports. Since the beginning of the month, 2.4 million tons of corn have already been exported. Another 2.2 million tons have been contracted for delivery in December. China purchases 100-120 thousand tons of Ukrainian corn every week, mostly at a competitive price of around $250 per ton. Analysts forecast a rise in prices, as the demand in China remains stable. Currently, prices for Ukrainian corn range from $144 to $153 per ton and may reach $165 per ton.

29 November 2023 29 November 2023

Thanks to the continued operation of water ports, Ukraine increased corn exports to China. This was noted by experts from the analytical center of the agricultural cooperative “PUSK”, which was created within the framework of the All-Ukrainian Agrarian Rada.

According to analysts, since the beginning of this month, November 27, Ukraine has exported 2.4 million tons of corn out of a planned 2.5 million tons. In December, 2.2 million tons have already been contracted.

“Water ports have begun to operate, and Ukraine is actively selling corn to China, where the price is about $250 per ton, which is a competitive price. Over the past week, China purchased about 100-120 thousand tons of Ukrainian corn, and the week before - 100-150 thousand That is, every week one or two Panamaxes are sent to China, where buyers are satisfied with the price ratio and quality of Ukrainian grain,” the message says.

In this regard, analysts predict that prices for Ukrainian corn continue to rise, as demand on the Chinese side remains stable.

"There is little corn in the CPT market and prices fluctuate greatly depending on the size of the lot. Currently they range from $144 to $153 per ton, but could reach $165 per ton."

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