Demand for Ukrainian corn has grown sharply on world markets

Published 2024년 9월 19일

Tridge summary

Ukrainian corn market sees rising interest due to decreased harvests in Ukraine and South America, with Ukraine exporting 200,000 tons in September and expecting to increase exports in the coming months. However, the country's harvest is expected to be half that of the last marketing year due to reduced stocks. Global markets show high demand for Ukrainian corn, especially in Europe, but it faces competition from cheaper American corn. Corn prices are predicted to continue rising in the second half of the season, potentially reaching $200-205 per ton by the end of the year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the analysts of the agricultural cooperative PUSK, established within the borders of the VAR, interest in Ukrainian corn has increased against the background of news about a decrease in the harvest both in Ukraine and in South America. "In September, Ukraine exported 200,000 tons of corn, and although this is a transitional period, we expect the main export volumes in October, November and December," analysts note. Last marketing year, Ukraine exported about 30 million tons of corn. However, much smaller volumes are expected this season due to reduced stocks — as of September 1, there were only 600,000 tons in warehouses. "We forecast the harvest of 21-22 million tons of corn, of which about 5 million tons will be consumed on the domestic market. The export potential of corn is estimated at 15-17 million tons, which is almost half as much," experts emphasize. At the same time, global markets show high demand for Ukrainian corn, especially in Europe. "Spain is ...

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