The corn market is gradually shifting its focus to the new harvest, last year’s grain has almost lost its liquidity, and there are practically no real deals with it, At the same time, Europe is showing steady interest in
Ukrainian products, and demand from importers remains high, according to the analytical cooperative “Pusk,” created within the framework of the All-Ukrainian Agrarian Council (VAR).
“The new corn harvest is valued on the market in a wide range of $197-203 per ton. Some traders are already offering higher prices — $205-206 on a CPT-port basis with deliveries in October-November. Demand from importers is active, particularly from Spain, Portugal, and the Netherlands, with deliveries in November-December. The EU is facing serious yield problems. In France, the first threshing showed only 3-4 tons/ha. Other corn producers — Romania, Hungary, and Poland — are facing similar difficulties, forcing the EU to increase imports from the projected 18-19 million tons to 22-23 million tons, and Ukraine looks to be a key supplier here,” analysts noted.
According to their information, Ukrainian exporters have already sold about 4 million tons of the new harvest to importers with deliveries in November-December. However, there may be a shortage on the market due to weather conditions, which will further stimulate the growth of purchase prices.
“Traders may have to raise prices, but no significant growth is expected. One of the determining factors will be the progress of the harvesting campaign. Due to the delay in vegetation, the first significant batches of corn from the center and north will arrive only in the second half of October. We can predict indicative prices of $220 CPT port in October. However, during this period, American corn will actively enter the market. Its volume will significantly exceed demand, which will put serious pressure on prices in October-December. Therefore, in November-January, the market is likely to stabilize at $220-230 CPT port per ton, which is in line with seasonal patterns,” Pusk concluded.
In the first half of August 2025, Ukraine increased its imports of dairy products to $14.7 million, the highest figure since the beginning of the year for similar periods. The previous record was set in the first half of March, six months ago, at $13.2 million, according to the Ukrainian Dairy Industry Association (UDIA).
The industry association noted that in monetary terms, imports increased by 30% compared to the first half of July and almost one and a half times compared to the first half of June.
In addition, in real terms, growth was recorded for almost all commodity items, except for whey, imports of which fell by a third. The largest increase, 25%, was observed in the cheese group: more than 1.8 thousand tons of this product were imported into the country. This commodity item accounts for the lion’s share of the value structure of imports (almost 85%).
As a result, the balance of exports and imports of dairy products became negative for the first time since March, at $(-4.3) million.
Analysts believe that such a significant increase in imports was largely due to the rise in domestic prices for raw milk in Ukraine, which occurred in the second half of July (+5%) and continued in August. This partially reduced the competitiveness of domestic products, making imports more attractive.
“Such dynamics affect the country’s balance of payments and require a balanced approach to pricing in the domestic dairy products market,” the SMPU concluded.
Ukraine increased imports of lead and lead products by 7.7 times to $4.723 million (in July – $718 thousand), while exports of lead and lead products decreased by 15.6% to $5.482 million (in July – $1.022 million).
Lead is currently mainly used in the production of lead-acid batteries for the automotive industry. In addition, lead is used in the manufacture of bullets and certain alloys.
The volume of zinc and zinc products supplied to Ukraine in January-July 2025 decreased by 0.5% to $33.204 million (in July – $7.452 million). Zinc exports for the first seven months of the year reached $707,000 (in July – $87,000), while in January-July 2024 they amounted to $120,000.
Pure metallic zinc is used to recover precious metals, protect steel from corrosion, and for other purposes.
In January-July 2025, Ukraine reduced imports of nickel and nickel products by 26.7% compared to the same period in 2024, to $12.446 million (in July – $1.875 million), while exports of nickel and nickel products amounted to $746,000 (in July – $139,000) compared to $423,000 for the first seven months of 2024.
Nickel is used in the production of stainless steel and for nickel plating. Nickel is also used in the production of batteries, in powder metallurgy, and in chemical reagents.
In January-July of this year, Ukrainian enterprises increased imports of copper and copper products in value terms by 29.1% compared to the same period last year, to $109.984 million.
According to statistics released by the State Customs Service of Ukraine on Tuesday, exports of copper and copper products during the period increased by 12.7% to $55.437 million.
In July, copper imports amounted to $16.821 million, while exports amounted to $9.357 million.
Copper is widely used in electrical engineering, pipe manufacturing, alloy production, medicine, and other industries.
