This leaves a potential for an additional 3 million tons of exports until September.
Key Points:
- Consistent Export Volumes: Ukraine has maintained a steady export volume of over 3 million tons of corn per month for three months.
- Total Exports: From September 2023 to May 2024, Ukraine has exported 23.7 million tons of corn.
- Potential Exports: There is a potential for exporting around 3 million more tons of corn until September.
Market Conditions:
- Supply and Demand Balance: The limited supply of the old crop in the local market is balanced by reduced demand from traders focusing on new crop programs.
- Price Trends: Corn prices for delivery to seaports in June have continued to decline, trading below $180. The western border prices range from €185-190 for Eurotrain loading in July and August.
New Harvest Prices:
- Seaports: Trading in the range of $178-182 for October-December delivery.
- Western Border: New harvest corn prices range from €174-176 for Eurotrain loading in October-December.
Latest Buyer Indications:
- DAP Ukraine (Odesa): ~$178-180
- DAP Ukraine (Danube): ~$184-186
- FCA Ukraine (border): ~€185-190
- FCA Ukraine (border) 2024: ~€174-176
- DAP Italy (Mon.): ~220-225€
- DAP Germany (East): ~207-210€
- FOB Ukraine (Danube): ~$198-202
- CIF Italy (port): ~$223-225
- CIF Turkey (port): ~$211-213
These figures reflect a dynamic and competitive market for Ukrainian corn, highlighting Ukraine's strong position in the global agricultural export market.
