May 27, 2009

Export demand to support Ukraine grain prices

Ukraine's feed grain prices are likely to avoid a seasonal fall in the first few months of the new 2009-10 season (July-June) due to high foreign demand, according to UkrAgroConsult.


There is still high demand for feed wheat and corn, the consultancy said.


Feed wheat prices are rising to US$155-US$165 per tonne FOB, while some contracts are made at US$166. Corn prices have also increased to US$175-US$180 FOB and even to US$185.


Ukrainian domestic prices tend to fall at the beginning of the new season as the new crop enters the market.