Corn exports from Ukraine are at a five-year low

23.04.2018

Corn exports from Ukraine were brisk in December-March 2017/18, except for a slight downturn in February. However, they still lag behind last year as the country’s corn export potential is lower in MY 2017/18, reports UkrAgroConsult.

Ukraine exported 2.44 MMT of corn in March 2018, i.e. 20% more than in February (2.03 MMT) but 22% less than in March 2017 (3.13 MMT).

11 MMT of corn was supplied to foreign markets from Ukraine in the first seven months of the season that is 19% less than at the same time a year ago (13.59 MMT). The current pace of Ukrainian corn exports is the slowest since MY 2012/13.

The top buyer of Ukrainian corn is the European Union with a 47% share in total exports. Despite the overall lag in corn exports from Ukraine, the EU received almost as much as at the same time last year: 5.16 MMT.

Ukraine continues to actively supply corn to the markets of China, Israel and Turkey. Still, Egypt became the second largest importer after the EU in September-March 2017/18. China was pushed to third place. Apart from the above-mentioned destinations, the Ukrainian product is shipped mainly to African, Asian-Pacific and Near East countries.

 

UkrAgroConsult

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