Without Ukrainian agricultural products, the European Union faces food inflation

Published 2024년 10월 13일

Tridge summary

In September 2024, Ukraine exported 1.2 million tons of grain to the European Union, which made up 45% of its total grain exports for the month. The main imports were wheat (77%), corn (21%), and barley (1%). The high grain prices of 2022 are expected to return as Ukraine's grain supplies are running low, and the main export volumes are yet to come. This could lead to protests in the EU. Ukraine may shift its focus to traditional buyers in Asia and Africa as it seeks to reduce its dependence on the EU market. However, the escalating trade war between the EU and China, with the EU importing Chinese milk, could impact this strategy.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Without Ukrainian products, the European Union is waiting for a repeat of 2022 with its insane, by European standards, food inflation. This is reported by UNIAN. During the 24 days of September 2024, Ukraine exported 1.2 million tons of grain to the EU, which is 45% of the total volume of Ukrainian grain exports during this period. The TOP-5 largest importers of Ukrainian grain were: According to the structure of Ukrainian exports to the European Union, wheat accounts for 77%, corn for 21%, and barley for 1%. As for wheat and barley, there are no transitional remnants of past periods left in Ukraine. The remaining corn is also running out. That is why the share of corn in grain exports is so small. The main volumes of exports are ahead, which means another protest in the European Union. The year 2022 was characterized by abnormally high grain prices, and now world prices are returning to the norm from which Western farmers living on subsidies have already managed to wean ...

Source: Agropolit