As of June 22, Ukraine's corn exports reached 2.2 million tons, indicating a high level of activity on the market. Analysts predict that June will be the most productive month for exports, but in July and August, the figures may decline significantly as the market switches to the new harvest.

This was discussed on June 25, 2024, at an analytical briefing of the First Ukrainian Agricultural Cooperative (FUAC), established within the UAC.

"The global environment is unfavorable for Ukrainian corn. Although it is still in demand on the Italian market, competitiveness is declining due to pricing. For example, Argentine corn is sold at USD212-213 per ton on the Italian market, which is about the same level as Ukrainian corn. At the same time, Argentine corn is several dollars cheaper in Spain, making it more attractive to buyers. In such conditions, Ukrainian traders are not in a hurry to sell their existing stocks, as their volume is limited," was noted by the analytical department.

The corn market is entering the off-season, and prices are expected to be stabilized in the coming weeks.

"If there is demand, the conditional prices for corn may fluctuate in the range of USD172-174 per ton. On average, the price on CPT basis will be around USD170 per ton in the coming weeks," the FUAC predicted.