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Political turmoil worrying exports, Ukraine corn prices

Number of visits: Date:2014-02-21

Kiev news: February 20, Ukraine's domestic corn prices rise, because the domestic political situation is unstable.Ukraine is the world's third-largest corn exporter.

, according to the analysis organization UkrAgroConsult company executive Sergey Feofilov Wednesday Ukraine corn spot prices rose to $225 a tonne, more than the two days ago $7.The capital and the conflict in the western city of division, not affect the grain exports.

Feofilov said that so far is limited to the influence of the rise in prices.Commodity markets have some concern, there are some uncertain factors, but the domestic situation is not stable, may not cause long-term fellowships.

In recent years, Ukraine has become the world's major exporter of corn.The United States department of agriculture is expected to 2013/14 U.S. corn output will reach18.5 million tons, is three times more than three years ago.The United States is the world's largest exporter of corn, followed by Brazil.

UkrAgroConsult said that Ukraine grain export pace did not slow down, February 1 to 16, exports of 1.22 million tons, including corn exports of 1.12 million tons.In the same period of last year's grain exports of 819600 tons, 688000 tons of corn.

According to the United States department of agriculture says, Ukraine corn yield may be increased to a record 30.9 million tons this year, an increase of 48% over the previous year, when the crops suffered from drought.

(IGC), an economist at the international grains council Nathan Kemp said Wednesday the black sea region corn spot prices to $222 a tonne, compared with $218 a week ago, a month ago for $211.

Feofilov said that since this year in October 2013, Ukraine has exported 1100 to 12 million tons of corn, and this year's total exports is expected to reach 1800 to 19 million tons.

Ukraine is the world's largest producer of sunflower seeds, is also one of the world's ten biggest wheat exporters.

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