Russia boosted corn exports by almost 30%

11.04.2017

The pace of Russian corn exports slowed down to some degree in February 2017. 430.3 KMT was exported from the country that month, or 37.5% less than in February 2016.

Nevertheless, Russian corn exports in the first half of the current season are far ahead of the year-ago level, UkrAgroConsult notes. So, Russian exporters supplied 29% more corn to foreign markets in September-February 2016/17 than at the same time in 2015/16 (3270.5 KMT against 2537.8 KMT in September-February 2015/16).

In the current marketing year, the top place among importers of Russian corn is shared by the European Union and Iran. The second largest importer is South Korea.

The third top position in the ranking of Russian corn destinations was shared almost equally by Turkey and Vietnam – each of them purchased at least 350 KMT of the commodity. Vietnam will quite likely become one of the top three end markets for Russian corn. In addition, according to market participants, another 200 KMT of Russian corn was exported to the Vietnamese market in March.

 

UkrAgroConsult

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