- Sharp Price Gains: Ukrainian feed corn prices rose UAH 700–1,100/t since January 2026, reaching UAH 9,000–10,600/t CPT by March 27.
- Supportive Fundamentals: Tight farmer selling, strong domestic demand, and firm export interest are reinforcing a bullish market tone.
- Regional Premiums: Southern Ukrainian regions continue to command the highest bid levels due to proximity to key export terminals.
- Outlook Risks: Further upside depends on farmer liquidity, export program pace, and new crop supply expectations.
Market Overview
Ukrainian feed corn prices have maintained a strong upward trajectory through the first quarter of 2026. According to APK-Inform, bid levels across the country currently stand at UAH 9,000–10,600/t CPT, an increase of UAH 700–1,100/t since the start of the year. The price rally underscores a tightening supply-demand balance amid restrained farmer selling and robust buying interest.
Price Range and Recent Changes
| Period | Bid Price Range (UAH/t, CPT) | Change Since Jan 2026 (UAH/t) |
|---|---|---|
| Ukraine, National Average | 9,000–10,600 | +700–1,100 |
| Southern Regions (Premium Area) | At upper end of 9,000–10,600 range | +700–1,100 (maintaining premium) |
Drivers of the Rally
The ongoing price appreciation is driven by a confluence of supportive factors. Farmers are limiting forward sales, either holding grain in anticipation of further gains or working through already reduced on-farm stocks. At the same time, domestic processors and traders are actively competing for available volumes, while export program requirements are sustaining demand from the Black Sea corridor. This combination is tightening the market and lifting offers, with southern regions maintaining a premium due to their logistical advantage to export terminals.
Market Sentiment and Outlook
Market Sentiment: Bullish. The persistence of higher prices points to structurally tight corn availability in the near term. Upside risks remain as long as farmer selling stays limited and export demand is firm. A shift in sentiment would likely require a pickup in farmer liquidity-driven sales or clearer indications that the upcoming crop will significantly improve supply. Market participants should closely track farmer cash flow conditions and Black Sea export flows as early signals of any change in price direction.
Source: Market Data
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