Experts predict a decrease in the export of Ukrainian corn

In the 2023/24 marketing year, Ukraine exported about 30 million tons of corn, but much smaller volumes are expected this season due to reduced stocks - as of September 1, they amounted to only 600,000 tons. This was stated by the analysts of the PUSK agricultural cooperative, created within the framework of the All-Ukrainian Agrarian Council, the press service of the VAR reports. "We forecast the Ukrainian corn harvest at the level of 21-22 million tons, 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 as last year," experts noted. At the same time, they emphasized that global markets currently show a high demand for Ukrainian corn, especially in Europe. "Spain is literally sucking Ukrainian corn: by the end of last week, the price rose to $222-224 per ton, while at the beginning of the week it started at $215. Portugal has also joined the procurement process," the ...