Chinese importers have been buying in the past two weeks Several hundred thousand tons of corn feed from Ukraine – Reuters reported on Thursday, citing sources in Asia and Europe. The Ukrainian government confirmed the information regarding the sale to China.
The exact volume is unknown, but a Singaporean trader working for an international grain company said: The order will be filled by 10-12 Panamax ships. The cargo on these bulk carriers usually exceeds 60,000. Tone.
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— I cannot determine the size of the demand, but I know that many (traders) did so and it is a good trend (for Ukrainian corn), Reuters quoted a person close to the Ukrainian government.
China received nearly a fifth of the total grain from Ukraine under the Black Sea Grain Initiative established last year. Through it, 34 percent went to China. (about 5.55 million tons) of the total corn exported from Ukraine during its defensive war with Russia.
Russia’s withdrawal from the UN-backed safe shipping corridor has turned the Danube River into the main route for Ukrainian grain exports, and Russian forces have been bombing port infrastructure along the river for months.
European traders indicate that new orders may be met directly through the ports of the Odessa region if the new transport channel developed by the Ukrainian authorities is implemented, or through Romanian ports.
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Data issued by the Ministry of Agriculture of Ukraine indicate this 2.6 million tons of corn were exported from the country this season, including 545,000. tons in September.
Ukrainian farmers say it’s local Grain prices fell by 40%. Because of the impossibility of free exportThis forces them to reconsider their farming plans for next year. — Ukraine is currently the source of the cheapest corn, one trader confirmed, citing Reuters.
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