Logistical constraints shift EU corn import dynamics, Ukraine loses share

As the marketing year (September-August) for corn advances, trade dynamics in the EU, the world’s second-largest corn importer, have shifted due to geopolitical factors, price sensitivity, and demand. According to data from S&P Global Market Intelligence’s Global Trade Analytics Suite, EU corn imports totaled 18.79 million mt in MY 2024-25, down from 19.83 million mt in 2023-24. GTAS projects imports at 21 million mt for MY 2025-26. Ukraine was the leading supplier to the EU, followed by Brazil. However, in EU’s MY 2025-26 (July-June), a larger share of import volumes shifted toward Brazil, largely due to logistical constraints linked to the war in Ukraine, according to European Commission data. Within the EU, Ukraine has remained the dominant origin on a five-year average basis, supplying around 9.7 million mt annually, or 53.5% of total EU corn imports. Brazil accounted for 22.5% over the same period, followed by Canada, the US, and Serbia. In MY 2025-26 (July-June), Brazil’s ...