In May 2025, corn exports from Ukraine reached over 2 million tons, becoming one of the highest figures in recent months. This statement was reported by the analytical department of the First Ukrainian Agricultural Cooperative (FUAC), created within the Ukrainian Agri Council.

According to analysts' estimates, at least 850,000 tons of corn have already been contracted for June, and this figure is not final. The total volume of exports in June is expected to exceed 1 million tons.

"This indicates that traders have previously concluded contracts. Therefore, deliveries of the old crop's remnants are continuing quite actively," the FUAC noted.

At the same time, the situation on the export market is complicated by price pressure. Thus, the cost of American corn is currently held at USD230/t, while prices for Ukrainian corn have risen to USD256–260/t.

"Under current conditions, we cannot compete with American suppliers in the European market. Ukrainian corn is sold in small batches — 2,000–5,000 tons — mainly to Greece and Cyprus. For comparison, the US exports only in large volumes of 25,000 tons or more," the FUAC analysts explained.

An additional factor is the limited grain reserves: only 1–1.5 million tons of corn remain on the domestic market. This means that the volumes available for large-scale exports are too small.

“We expect the market to become less liquid in June. Price benchmarks will gradually decline to about USD215/ton in ports. From the second half of the month, demand will decline significantly, and the market will begin to focus on the new harvest,” the FUAC predicted.