Due to Trump's victory, the demand for Ukrainian corn from European importers increased

Published 2024년 12월 5일

Tridge summary

EU corn importers are worried about potential tariffs from the US under a Trump presidency, leading to an increase in interest for corn from Ukraine. The Black Sea is seen as the cheapest source of produce at the moment, and a similar trend is expected in the Chinese market in the event of a trade war between the US and China. Traders expect a rise in demand for Ukrainian corn from the Asian market, particularly China, and an increase in prices at the beginning of next year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Donald Trump's victory in the US presidential election has raised concerns among EU corn importers about the possible introduction of tariffs and the uncertainty this creates for trade. Because of this, buyers are more interested in corn from Ukraine. "Ukragrokonsult" writes about this trend. In November, importers from the EU significantly switched their interest to Ukrainian corn. "Europeans fear that the US will introduce an import duty or an export duty, which will lead to potential losses or even the inability to ensure the safety of cargo," the publication quoted a Ukrainian trader. A corn buyer at a feed mill in the Netherlands said the Black Sea was probably the cheapest source of produce at the moment. A similar trend is expected in the Chinese market. A potential trade war between the US and China could also lead to a shift in supplies for the Chinese market from the US to Ukraine. "This could potentially have a positive impact ...
Source: Elevatorist

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