Spain: The price of corn soars by 9 euros in ports due to Putin's boycott of Ukrainian exports

The Barcelona Grain Exchange held this week has automatically reflected the decision of Russian President Vladimir Putin to close the safe corridor established in the Black Sea for Ukrainian grain exports. Spain has imported 5.98 million tons of cereal through this corridor, which represents 18.2% of all the grain that has been exported through the Black Sea. Of these almost 6 million tons, more than 50% corresponds to corn imports and 38% to wheat purchases. These figures reveal that Spain is Europe's main importer of Ukrainian grain, and the second in the world. The decision was adopted on Monday, July 17, and the next day imported corn rose by 9 euros in the Barcelona market, reaching 247 euros per ton. For its part, corn of CE origin rose 7 euros and stood at 257 euros. The reaction to the sunflower is also important. The 34% imported seed rose by 3 euros and reached 331 euros per ton, while sunflower seed rose by 10 euros and reached the level of 435 euros per hectare. On the ...