Excess Ukraine Grain Eroding European Farmer Businesses

Excess Ukraine Grain Eroding European Farmer Businesses… and Goodwill

East European farmers are reportedly miffed at the rush of grain from Ukraine into the region – claiming it is affecting their business and fast eroding political goodwill towards the country. (Bloomberg)

The surplus – created by infrastructure snags and unsold produce from the previous year – has taken a political turn in the shape of protests, as farmers suffer dropping prices for their produce due to a global downturn.

Politicians are changing their tune as well – Polish Prime Minister Mateusz Morawiecki, who was offering $20mn to Ukraine to export grain, is now asking for it to be sent outside of the EU to protect the “Polish farmers and the local markets”.