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European corn producers are calling for Ukraine to join the EU

Published May 19, 2024

Tridge summary

Ukraine's grain exports have recovered and returned to pre-war levels, raising concerns about competition among producers in the European Union. The future integration of Ukraine into the EU could strengthen the bloc's influence on global food markets. Ukrainian corn was significantly impacted by the blockade of the Black Sea export route at the start of the war, but ports such as Port Reny have now reached 1.5 million tons of corn exports per month. Europe's production growth is stagnating, with an estimated 66 million tons by 2024-2025, while demand for corn is increasing due to its use in ethanol production. Experts believe that Ukraine could strengthen Europe rather than weaken it if it strategically manages its exports and public policy.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Ukraine's renewed ability to export grain raises questions about competition among producers from the European Union. Euractiv writes about it The future integration of Ukraine into the EU may provide an opportunity for the bloc to strengthen its influence on global food markets. Experts at the European Corn Congress in Paris on May 15 noted that Ukrainian corn was the most affected by the blockade of the Black Sea export route at the beginning of the war. But Kyiv exports have now recovered capacity, returning to pre-war levels. Ports such as Izmail and Reni in the Danube Delta attract investors. Port Reny went from zero exports to the war and as of today has already reached 1.5 million tons of corn per month. In addition to ports, there are also automobile corridors that provide about 6-7 million tons of exports per month. Production growth in Europe is stagnating and is estimated at approximately 66 million tons by 2024-2025. The demand for corn is increasing worldwide due to ...
Source: Agropolit
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