European Union reducing corn purchases from Russia

07.12.2017

A drop in Russian corn exports is observed at the start of the 2017/18 season. Russia exported 726.8 KMT of corn in the first two months (September-October 2017), or 27% less than a year ago, reports UkrAgroConsult.

The reasons for the decline in corn exports from Russia include both a delay and a decrease in the corn harvest.

Appreciable changes have already happened in the Russian corn export pattern in the first months of MY 2017/18. So, Turkey became the top importer of Russian corn at the time. It purchased over 257 KMT, or more than two times as much as a year ago. Lebanon and Syria also stepped up purchases in this period, while Libya resumed them.

On the contrary, last season’s top buyers cut corn imports from Russia at the beginning of the current season: European Union (-87%), Iran (-47%), South Korea (-18%).

 

UkrAgroConsult

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