Ukrainian corn seeds flow to Europe in latest shift in agricultural trade

Published 2024년 10월 24일

Tridge summary

Ukraine has significantly increased its corn seed exports to the EU in the past two years, reaching $121 million in profits last year from just $22 million in 2021, due to free trade terms granted by the EU after the invasion of Ukraine. This has resulted in concerns from European farmers about unfair competition. Despite the EU's support of Ukraine and efforts to monitor its agri-food exports, the EU has introduced import restrictions on some agricultural products from Ukraine, including sugar, eggs, and corn grain, following protests from European farmers. The European corn growers’ association is seeking measures to limit corn seed imports, and Ukraine is aiming to cover more of its domestic demand and potentially substitute imports.

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Original content

PARIS/KYIV, Oct 24 (Reuters) - Ukraine has rapidly expanded corn seed exports to the EU in the past two years, a rare bit of good news for its war-hit agricultural sector but adding to European farmers’ complaints about what they say is unfair competition from Kiev. The country is increasing shipments under free trade terms granted by the European Union after Russia invaded, partly reversing the bloc’s previous seed exports to Ukraine. That has injected some income into its agricultural industry, which is reeling from losses from the destruction of land and infrastructure in the war with Russia. Ukraine’s total seed exports, mainly corn, reached $121 million last year, up from a pre-war level of just $22 million in 2021, according to the Seed Association of Ukraine, an industry group. Its share of the EU corn seed market has risen from zero to about 10% since 2021, estimates French corn growers group AGPM. While seeds accounted for a fraction of an estimated $23 billion in ...

Source: NoticiasAgricolas