Corn exports from Ukraine more than two times lower

16.11.2017

Ukraine exported 500.7 KMT of corn in October 2017, or 63% less than at the same time last year (1355.3 KMT).

Ukrainian corn exports in the first two months of MY 2017/18 were down 56% year-on-year at 620 KMT against 1423 KMT in September-October 2016/17. The reasons for this slump in exports include a harvest delay, a drop in the country’s corn crop and domestic logistics problems. In addition, the start of season features no particularly strong demand from importers.

The demand from the top importers of Ukrainian corn – the European Union and Egypt – is rather weak in the first two months of the season. Export shipments to these destinations decreased.

Both foreign demand and new-crop corn exports are on the rise in November. Particularly noteworthy is recovering demand for Ukrainian corn from China, reports UkrAgroConsult.

 

 

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