The head of the Ukrainian Grain Association (UZA) denied reports that China has banned the import of corn grain from Ukraine. The facts contradict this.
Information about China giving up Ukrainian corn is a rumor spread by traders and the media, reports the Ukrainian Latifundist. The president of the Ukrainian Grain Association (UZA), Mykola Gorbachev, assured at the Black Sea Grain conference that there is no ban on the export of Ukrainian corn to China.
A week ago, Beijing announced that it no longer wants Ukrainian corn, among others. Bloomberg. According to these reports, Chinese importers refused to accept 4 or 5 batches of Ukrainian corn that had previously been reserved for delivery in the period from April to June. It was also suggested that Chinese importers were prohibited from accepting grain deliveries from Ukraine by customs services. The media linked this information to reports that the Chinese refused to buy American wheat.
According to the head of the Ukrainian Grain Association, the Chinese only lack transport containers and storage space. Therefore, they want to conclude contracts with stricter delivery deadlines to avoid logistical problems. -No one refuses shipments. There are no prohibitions, Gorbachev assured.
Spike Brokers analysts also reported that rumors about China canceling purchases of corn of Ukrainian origin are not confirmed on the market.
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