Corn prices are expected to undergo a gradual decline in the coming months, with demand prices potentially dropping to $135-140/t or €125-130. Market dynamics indicate a downward trend across the supply chain, with buyers offering $202/t or €187 CIF Italy and $203/t or €188 CIF Spain for corn. Notably, buyers are showing a preference for smaller deliveries and seeking discounts of up to $3/t or 2,79for panamax shipments compared to handsize deliveries, reports Spike Brokers.
Location |
Price Range (per ton) |
| Ports of Ukraine | €133-137 (fast delivery within 1-2 weeks) |
| Italy (delivery by ground transport) | €185-190/t (April-August) |
In March-April, demand prices are forecasted to decrease to $135-140/t or €125-130/t due to lower global prices and heightened competition from other market players.
Buyer Indications
Location | |
Price Indication |
| DAP Odesa | 133-137 €/t |
| FCA Ukraine (border) | 125-130 €/t |
| DAP Italy (Mon.) | 185-190 €/t |
| DAP Germany (Mon.) | 188-190 €/t |
| FOB Odesa | 156-157 €/t |
| CIF Italy (port) | 185-187€/t |
| CIF Spain (port) | 185-188€/t |
| CIF Türkiye (port) | 179-182€/t |
According to USDA experts, the corn harvest in Ukraine is estimated at 30.5 million tons, with exports projected at 23 million tons and final stocks at 5.32 million tons. To meet USDA forecasts, Ukraine needs to ship approximately 2.4 million tons of grain per month, building on the 13.6 million tons of corn exported in FY 2023/24.