Ukrainian corn exports to almost halve in 2024/25 MY

In 2023/24 MY, Ukraine exported about 30 million tons of corn, but this season significantly smaller volumes are expected due to reduced stocks - as of September 1, they amounted to only 600 thousand tons. This was stated during a weekly briefing by analysts of the agricultural cooperative PUSK, created within the framework of the All-Ukrainian Agrarian Council, the press service of the VAR reports. At the same time, they emphasized that global markets are currently demonstrating high demand for Ukrainian corn, especially in Europe. "Spain is literally absorbing 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 purchases," the analysts add. However, Ukrainian corn is facing competition from the United States. ...