New crop corn prices in Poland remain low due to loss of sales markets

even at this price, exporters have problems with sales on the European market. “One of the reasons is the loss of the British market. We have lost a major buyer of corn. Why? Because one of the largest bioethanol plants is being closed there. This is a consequence of the agreement with the United States, which is not talked about much in public. The media talks a lot about agreements with Mercosur and Ukraine, but this one with the United States is also important for agriculture. The agreement with the United States will not be beneficial for Europe at all. The abolition of tariffs on American raw materials further opens the market, in particular for bioethanol, which is already entering the EU. And this will directly reduce the demand for corn,” Marcinyak explained. The analyst also noted that this season, European farmers have also lost the German market. The harvest in Germany is high, and local farmers immediately sell their products. Therefore, ...