April 26, 2012
US mad cow case likely to affect Ukrainian corn price
The mad cow disease case in the US may have its potential influence on Ukraine corn sales, according to Elizaveta Malyshko, a grain analyst at UkrAgroConsult.
She spoke by phone from the capital Kiev today.
"At the moment, we see a risk only from a price side, because wheat and corn on the Chicago exchange dropped after news about mad cow disease in California, despite other factors which were supposed to push the prices up."
"Ukraine's corn price at a free-on-board basis in the Black Sea ports is influenced by the Chicago exchange, and thus its price may decline with some lag. As for corn exports from Ukraine, US news will not have any impact because our traditional markets are far from the US and cannot be affected."
