European organic corn prices are rising. Prices are quoted near €435 MT with bids near €420 and offer closer to €450. Merchandisers tell Fastmarkets/The Jacobsen that certain countries feel the impact. Spain, for example, is now looking for organic corn imports from both Ukraine and Romania. Black sea conventional prices have also been rising, putting additional pressure on the organic markets. European organic soybean cake of meal prices are quoted in extensive ranges.
Merchandisers tell Fatmarkets/The Jacobsen that several Indian contracts have been transacted at levels near €1,150-1,200 per metric ton that has not come to fruition. The recent runup in prices has seen contracts default. There are also quotes for organic soybean meal closer to the €1300-1400 level. Organic what prices are trading near €400 per metric ton. Fastmarkets/The Jacobsen has also been told that there is a concern in Europe and the…
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