Ukraine continues to flood the grain market

According to an analysis by the Deutsche Landwirtschafts-Gesellschaft (DLG), the amounts are enormous, much larger than most people ever imagined. Despite waiting at the borders for several days, more than 15 million tons of grain and oilseeds arrived on land in the EU by May 1, mainly to Poland, Romania, Slovakia, Hungary and Bulgaria. Some of it went to Western Europe (mainly rapeseed, soybeans and corn), but most of the wheat remained on the markets of neighboring countries. At the same time, Ukraine supplies Spain and Italy with wheat and corn by sea, so these two important importing countries of the EU's internal market are less interested in raw materials grown in the areas north of the Alps. In total, from July 2022 to May 1, 2023, we are talking about 24.4 million tons of grain and oilseeds that the EU imported from Ukraine. For comparison, in the same period of the previous year, this number was 9.5 million tons. More Ukrainian grain arrives "without a buffer" Since the ...