Ukrainian corn is in demand in the Mediterranean and Middle Eastern markets

April closed with a stronger export result for Ukrainian corn compared to March. According to customs statistics, 2.688 million tons were shipped during the month compared to 2.503 million tons in March. The increase compared to the previous month was 8%.

This was reported by analysts at Spike Brokers.

Cumulative corn exports since the beginning of the marketing period, from October 2025 to April 2026, reached 15.91 million tons.

The April volume was one of the highest in the current season and confirmed that Ukraine maintains an active presence in the Mediterranean and Middle Eastern markets even against the backdrop of high competition from South America.

The geography of April exports was highly concentrated. The main buyer was Turkey – 1.017 million tons, which is almost 38% of the monthly volume. This was followed by Italy – 353 thousand tons, Spain – 284 thousand tons, Tunisia – 159 thousand tons, Israel – 155 thousand tons, Libya – 151 thousand tons, the Netherlands – 129 thousand tons and South Korea – 102 thousand tons. This distribution shows that the key demand was not concentrated in one region, but between Turkey, Southern Europe, North Africa and some Asian destinations.

The external price background for corn remained constructive. On the CBOT, the July contract was held near the top of the last range, and the December contract tested the psychological level of $ 5.00. The stock market was supported by expectations of lower yield potential in the US due to expensive fertilizers, risks to safrinha in Brazil and the strong pace of US export sales. At the same time, technical overbought conditions limited the market’s willingness to quickly expand the movement without new fundamental confirmations.

The Ukrainian physical market moved more restrainedly than the exchange market. SPIKE Spot Commodity Index Ukraine on the basis of CPT Odesa recorded corn at $ 222 at the end of the week, + $ 1 t / t.

Buyers on the western border have been outbidding seaports for the second month in a row. The price with delivery CPT Chop (Nider terminal) is $ 220-222 per ton.

https://ukragroconsult.com