The escalation of the situation in Russia and Ukraine may push up the cost of imported corn

Writer: BTW Time: Feb 28, 2022 Pageviews: 108

    In recent days, the escalation of the situation in Russia and Ukraine has begun to have an impact on the global agricultural trade pattern. Ukraine is one of the main source countries of my country's corn imports. According to customs data, in 2021, my country will import 8.24 million tons of corn from Ukraine, accounting for 29.07%. At present, Ukraine has closed port operations. Before there is no clear sign of easing the conflict between the two countries, it is expected that the overall international corn price will remain strong, which will push up the cost of imported corn in my country.

    With the gradual start of resumption of work and production, some enterprises will start a new round of replenishment during the period from late February to early March. The demand for new purchases will increase moderately, and the market transaction volume will gradually increase. It is expected that from late February to early March, the main The price of corn in the production area is mainly weak at first and then strong, and the monthly average price in February is basically stable and slightly down.

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