Ukraine's corn could benefit from US tariffs, analyst says

Reuters

Thu, Apr 3, 2025, 4:51 AM 1 min read

KYIV (Reuters) - Ukrainian corn, a cardinal constituent of the country's atom sector, could payment from the tariffs imposed by the U.S., arsenic it is capable to partially substitute for U.S. maize if retaliatory sanctions are imposed, ASAP Agri analysts said connected Thursday.

Ukraine is simply a planetary large maize grower and exporter.

U.S. President Donald Trump announced a 10% minimum tariff connected astir U.S. imports, with importantly higher duties connected goods from dozens of countries including China, which is apt to punctual countermeasures perchance driving up prices and reducing request for U.S. goods.

"If cardinal importers bash extremity up imposing tariffs connected U.S. corn, it volition unfastened a immense model of accidental for alternate suppliers," ASAP Agri said successful a statement.

"Ukrainian maize is successful a beardown presumption here: competitory pricing, unchangeable logistics, and adjacent ties with the European Union and Asian markets," it added.

The consultancy said Brazil is "first successful line", but its harvest simply cannot screen each the request and that is precisely wherever Ukraine "can measurement successful and assertion its share".

Ukraine produced 32 cardinal metric tons of maize successful 2023 and 26 cardinal tons successful 2024. The state exported astir 30 cardinal tons successful the 2023/24 play and is apt to vessel overseas 22 cardinal tons successful 2024/25, according to the UCAB concern association.

Farmers are apt to summation country sown for maize this twelvemonth arsenic maize export prices are lucrative.

(Reporting by Pavel Polityuk; Editing by Chizu Nomiyama)