Strategy Grains: EU may increase corn imports from Brazil and Canada, but not from Ukraine

The corn harvest in the European Union in 2024/25 MY will be the third lowest in a decade due to the deterioration of yields in Eastern Europe, Bloomberg reports.

According to the analytical company Strategie Grains, Europe will produce about 58 mln tonnes of corn. With the start of the harvest, “yield prospects have deteriorated sharply in Central Europe, and again in Romania and Bulgaria,” the report says.

Analysts also predict an increase in grain imports. Europe will “simultaneously have to contend with a very limited supply in Ukraine, so it will be more dependent on Brazilian and Canadian corn,” according to the forecast of Strategy Grains.

For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.

It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.

You are welcome to get a 7-day free demo access!!!

Tags: Ukraine, corn, Brazil, EU, Canada, crop forecast