The export of Ukrainian corn may be halved

This season, the export potential of Ukrainian corn decreased. This was reported by the analytical department of the PUSK agricultural cooperative, created within the framework of the All-Ukrainian Agrarian Council. Demand for the new crop of Ukrainian corn has increased sharply, but this season exports are expected to be significantly lower due to reduced stocks. Last marketing year, Ukraine exported about 30 million tons of corn. Much smaller volumes are expected this season due to reduced stocks – as of September 1, there were only 600,000 tons in warehouses. Experts predict a corn harvest of 21-22 million tons, of which about 5 million 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 in 2023. It is noted that global markets show a high demand for Ukrainian corn, in particular in Europe. Last week, Spain bought it at 222-224 dollars per ton, while at the beginning of the week the price ...