Due to the relative stabilization of deep-water ports, Ukraine has increased its corn exports to China.

This issue was discussed on November 28 during a weekly briefing organized by the analytical center of the PUSK agricultural cooperative, created within the UAC.

According to analysts, as of November 27, Ukraine has exported 2.4 million tons of corn out of the contracted 2.5 million tons since the beginning of the month. For December, 2.2 million tons have already been contracted. By the beginning of March, the main supply of corn on the global market will come from Ukraine and the United States.

"The deep-water ports are starting to work and Ukraine is more actively selling corn to China, where the price with delivery at USD250 per ton is competitive. Last week, China purchased about 100,000-120,000 tons of Ukrainian corn, and the week before that – 100,000-150,000 tons. That is, one or two panamaxes are shipped to China every week, where buyers are satisfied with the price-quality ratio of Ukrainian grain," PUSK cooperative noted.

It can be expected that amid the stable demand from China, the price growth for Ukrainian corn will continue.

"At present, the supply of corn on the CPT market is insignificant, prices fluctuate greatly depending on the size of the batch and are in the range of USD144-153, the price tag can reach $165 per ton," summarized PUSK cooperative.