In 2023, Ukraine imported a record amount of seed corn

Maize (Corn) Seed

Nuts & Seeds

Published Feb 17, 2024

Tridge summary

In 2023, Ukraine saw a significant increase in its export of hybrid seeds of grain and oilseed crops, with a rise of $119.5 million, marking a 1.5 times increase from the previous year. The export was dominated by corn, accounting for 97.4% of the total, and exceeding its import for the second consecutive year with 42,500 tons of seeds exported. France was the largest importer of Ukrainian corn seeds. However, despite the export surge, global corn prices dropped due to a surplus, making Ukraine's corn likely to be the least profitable commodity in 2024.

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Original content

In 2023, Ukraine increased the export of hybrid seeds of grain and oilseed crops of national and foreign selection by $119.5 million, which is 1.5 times more than in the previous year, according to the report of the Institute of Agrarian Economics of the NSC. Oleksandr Zakharchuk, head of the department of investment and material and technical support of the National Center of IAE, noted that in the structure of Ukrainian exports of grain and oilseeds, corn dominates with a share of 97.4%. He also emphasized that in 2023, the export of hybrid corn seeds in Ukraine exceeded the volume of its import for the second year in a row. This year, 42,500 tons of seeds of domestic and foreign selection were exported, which is the highest indicator in the entire history of Ukraine's independence. The decrease in the import of seeds of foreign selection is explained by the possibility of growing hybrid seeds within the country, as well as the decrease in seed consumption due to the reduction ...

Source: Landlord