Japan boosting corn imports from Russia

15.02.2017

Russian corn exports totaled 531.4 KMT in December 2016, or 21.5% more than in December 2015 (439.4 KMT).

Altogether, Russia exported 48.3% of corn in the four months of the 2016/17 season than at the same time a year ago (2337.1 KMT against 1575.8 KMT in September-December 2015/16), reports UkrAgroConsult.

Iran, like in the case with Ukrainian corn, actively increases purchases of Russian corn, too. The reason is substantially growing domestic consumption of this commodity in the country in 2016/17 with a respective need for imports. At the same time, Iran imported 546 KMT of corn from Russia – almost three times as much as purchased in the entire last season. Thus, Iran’s share in Russian corn exports reached 23% against 4% in 2015/16.

Japan also steps up imports of Russian corn. Russian exporters shipped an all-time high 227 KMT of corn to that market in the period under review. By comparison, just 13 KMT of corn was exported from Russia to Japan in 2015/16.

 

UkrAgroConsult

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