American corn is displacing Ukrainian product in the Spanish market because of price differences
The US is gradually gaining a leading position in Spain’s corn market, while Ukraine, a traditional supplier, is losing market share due to higher prices. Some traders believe this situation is temporary, and that Ukraine will regain competitiveness once the domestic corn prices drop after the harvest. However, some Ukrainian exporters are skeptical about resuming large shipments to Spain soon, as high local prices suppress exports.
Meanwhile, Ukrainian corn prices have fallen to their lowest level in 2025, thanks to progress in harvesting the new crop and decreased demand from major exporters. As of October 6, the price of Ukrainian corn at Black Sea ports for loading between November 3 and 17 was $213 per ton, $28 less than two months earlier. This price level hasn’t been seen since December 2024. With the new grain arriving in October, prices are lower because of the expected large harvest and increased supply, after delays caused by adverse weather.
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