Truck shipping

German corn harvest 2022 down 20.2% YoY

Germany’s maize (grain maize) harvest in 2022 will drop 20.2 percent on the year to around 3.54 million tonnes, the German association of agricultural cooperatives said in a harvest report on Wednesday.

German corn has suffered from the prolonged drought and heat wave in the country this summer, he said.

Other European corn crops, notably in France, also suffered from extreme drought this summer.

Overall tight corn supplies are expected, with crop estimates also reduced in the United States, the association said.

With the small harvest in Germany, traditionally a maize importer, much will depend on supplies from war-torn Ukraine.

“Ukraine has reaped a surprisingly good harvest despite the war,” the association said. “It’s happening in the market. The volumes transported through the (safe shipping) corridor in the Black Sea and also via alternative routes by ship on the Danube, by truck or by rail almost reach pre-war levels.

But uncertainty remains over whether the safe maritime corridor from Ukraine will be extended beyond the current deal in November, he said.

If the maritime corridor is shut down, “global bottlenecks cannot be ruled out”, he said.
Source: Reuters (reporting by Michael Hogan, editing by David Evans)