Russia’s aggression toward Ukraine increased the prices of agricultural raw materials, including grains. At present, the markets are reacting very nervously, the situation is dynamic. Monika Piątkowska, president of the Grain and Feed Chamber has no doubts that military actions and the introduced sanctions also negatively affect the supply, causing a further increase in prices on the global market. It will also translate into prices in Poland. 

Meanwhile, the announcement by Russia of the “end of the first phase of the operation” in Ukraine and the announcement of a drastic reduction in combat operations, including Kyiv’s direction caused strong drops in the prices of grains and rapeseed in the world exchange spots. Thus, the prices offered by exporters for commodities with delivery to domestic ports have also dropped – says the market commentary of the Grain and Feed Chamber. 

Ukrainian maize continues to arrive in Poland by rail. Its import has so far amounted to tens of thousands of tons. The prices of Ukrainian maize with delivery to the center of the country are around PLN 1,350-1360 / t. It is still less than the prices of domestic maize, which are currently at the level of PLN 1,450-1,550 / t. 

Just a month ago, economists of Goldman Sachs emphasized that “the world is facing the worst cereal crisis in years.” The reasons may include logistical disruptions in navigation on the Black Sea, rising production costs and the threat to the upcoming sowing in Ukraine due to military operations. 

In the opinion of the Polish Grain and Feed Chamber, Polish farmers still have grain stocks, but they are reluctant to use them as they are counting on further increases. However, this is not a surprise, as production costs are rising incomparably faster than grain prices. 

Adrian Andrzejewski order