UKRAINE DAILY CASH PRICES: Tuesday, March 15 2022

Russia’s invasion of Ukraine has struck hard at the heart of one of the world’s most productive agricultural regions.

Fastmarket Agricensus commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications on any basis and geography that relates to any of the vital markets that have strong ties with Ukraine.

Tuesday

Ukrainian sunoil on DAP basis offered in range from $1,850/mt to $2,700/mt, while Ukrainian sunflower oil trade level was heard at $2,300/mt on DAP.

Ukrainian corn on DAP Poland basis offered in range from $275/mt to $290-295/mt, but demand is much lower and its only for 1,000-2,000 mt per day. 

Yellow Corn, DAP Tuzcer, Hungary, €298/mt, trade

Yellow Corn, DAP Hungary, offers heard in range $290-300/mt 

Italia heard paying €400 CFR  for corn delivered to North Italy

Croatia heard selling corn €360 EUR FCA.

Market views 

“Difficulties with logistics are one of the main export problems, namely the availability of free trucks, the availability of fuel... The ability to store Ukrainian sunflower oil in Bulgarian ports is also problematic due to the lack of free tankers,” one Bulgaria-based market source said.

Possible use of Ukrainian ports of Reni and Ismail, in the south of the country close to the borders with Moldova and Romania:

“In Reni the price idea is at around $250/mt, but it's hard to manage as it needs to be re-loaded on the truck plus the transit cost through Moldova is at around 20/mt,” a regional trade source said.

“There are offers in Reni, but so far, it's not clear how it is going to work. All the cargoes that are going to Galati (Romania) also have to pass Reni, thus the stocks are full. Local traders loading Moldovan grain through the port, Giurgiulesti is also full, so it's pretty tight. And vessels are also not keen to enter the ports amid the martial law,” a regional trade source said.

“I heard that we get corn offers at $290-300/mt DAP Poland. The problem, however, is logistics. I believe that we are not able to transport more than 2,000 tons per day across the Poland/Ukraine border. In addition, exporters are trying to redirect their contracts across the Poland/Ukraine border to Polish ports. There is a problem with the availability of wagons and trucks,” a Poland-based market source said.

“There is a difference in track width of about 16 or 18 cm. Ukraine and Russia [tracks] are wider and in Poland, Slovakia, Hungary, Germany and other countries they are narrower. Therefore, there is a need for reloading and therefore it is logistically difficult and this creates additional costs of about €10/mt for transhipment,” the Poland-based market source said.