Promising markets for Ukrainian corn

22.06.2017

In 2016/17, corn exports from Ukraine are forecasted to be up 14.3% year-on-year, at 19 MMT. Over September-April Ukraine exported 15.53 MMT of corn, which is 1.27 MMT more than over the same period last season.

Corn production growth was the main factor that helped to boost deliveries to all the key destinations except for the EU and China due to lower import demand in these countries. Considerable decrease in Chinese demand moved this country out of the list of top 6 Ukrainian corn importers, giving place to South Korea.

New season will be marked by a 3.3% decrease in global harvest (1031.86 MMT to the USDA’s estimate) due to lower outputs in the US, Brazil, South Africa and Canada. Along with this, global imports of corn will grow by 5.6% year-on-year to 145.8 MMT due to lower barley crop in the major exporters. The situation looks favorable for Ukrainian exporters next season, but the competition on the major export markets must be analyzed, reports UkrAgroConsult.

Full version of the article is available to subscribers for weekly market report “Black Sea Grain & Oil” and “Online market review” by UkrAgroConsult.

 

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