Russian corn exports shrank in April

21.06.2017

Corn exports from Russia turned down in April 2017, when exporters supplied 307.7 KMT of corn to foreign markets. This is half as much as in the previous month (622.7 KMT was in March 2017) and in April 2016 (677 KMT), reports UkrAgroConsult.

In the first eight months of MY 2016/17, Russia exported 4.2 MMT of corn, or 8% more than at the same time last marketing year.

The European Union remains the top importer of Russian corn with a market share of 20%. Vietnam and Iran also managed to enter the top three at this time, with their export shares at 19% and 18%, respectively.

Korea, on the contrary, decreased its purchases. Russia supplied 625 KMT of corn to this market in the period under review, or 21% less than at the same time last season. Russian corn exports to Turkey shrank almost by half.

According to UkrAgroConsult, Russia is expected to export a record over 5 MMT of corn in the current season.

 

UkrAgroConsult

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