January 29, 2013

Ukraine's agrarians initiate the rise of corn prices

Grain owners have set the bullish trend for Ukrainian feed corn and want to sell corn at the average price of UAH2,000 (US$245.5) per tonne.

The market operators called keeping of rather strong demand for the grain by different groups of customers as one of the main reasons for increasing of corn prices. The agrarians, having the required capacities of storage and not needing to replenish own working capital during the period of formation of the material and technical basis for the spring field works, most actively increase the offer prices for corn.

It should be noted that the trend can be called traditional one, due to the fact that for the third year in a row in the middle of January Ukraine faces an increase of prices for the grain.