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Tight supply drives Black Sea corn prices to new highs

October 9, 2024 Comments Off

Tight supply due to low origination and limited suppliers has led to a surge in corn prices in the Black Sea region, with FOB values at Ukrainian ports — including Pivdennyi, Odessa, and Chornomorsk — reaching their highest level of the past 16 months on Oct. 3. Platts, part of S&P Global Commodity Insights, assessed FOB POC corn at $217,…