Iran to replace China as a destination market for Ukrainian corn

25.11.2016

According to official information, Ukraine exported some 1355.3 KMT of corn in October 2016, or 3% more than in the same month last year (1314.8 KMT), reports UkrAgroConsult.

Nonetheless, Ukrainian corn exports did lag 3.6% behind 2015 in the first two months of the season. Ukraine supplied 1411.9 KMT of corn to foreign markets in September-October (1465.1 KMT at the same time in MY 2015/16).

The EU continues to be the key destination market for Ukrainian corn. Egypt also remains among the key importers, informs UkrAgroConsult. In addition, Iran managed to become one of the top three export markets in the period under review. The country bought 250.5 KMT of corn in October. This represents more than 37% of all deliveries in this direction in 2015/16 (673.4 KMT). Ukrainian exporters have a chance to increase their presence in this market because Iran’s key corn supplier – Brazil – will intensify exports no sooner than June 2017. The Iranian market is quite capable of compensating for the loss of the Chinese outlet for Ukraine. China has not yet purchased corn in view of huge corn carryovers in the country. 

Further prospects of the Black Sea grain market in the upcoming 2017/18 season will be discussed at the XIV International Conference “Black Sea Grain: Wind of Change”, which will take place on April 5-6, 2017 in InterContinental hotel, Kiev, Ukraine.

Black Sea Grain conference is large international platform, offering high quality market analysis and networking opportunities for the global leaders of grain and oilseed industry. The event is annually attended by over 800 agribusiness representatives from more than 400 companies and 50 countries worldwide.

 

UkrAgroConsult

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