South Africa importing Ukrainian corn at a record pace

02.03.2017

Ukrainian corn exports continue quickening this season. Ukraine exported 2312.1 KMT of corn in January 2017, or 38% more than in January 2016 (1676 KMT).

In the first five months of 2016/17, corn exports from Ukraine were already up 16% from last season. The country supplied 8603 KMT of corn to foreign markets in September-January against 7395 KMT in the same period in MY 2015/16).

Shipments to the European Union are on the rise, though they still lag behind last year. Deliveries to Iran already more than doubled compared to last season and reached 1529 KMT. Egypt also boosted purchases of Ukrainian corn in the period under review.

At the same time, South Africa stepped up imports of Ukrainian corn substantially, reports UkrAgroConsult. According to preliminary information, Ukraine has supplied roughly 320 KMT of corn to the South African market in the 2016/17 season. This is an all-time high and four and a half times more than in MY 2015/16 (71.5 KMT). So, Ukraine pressed Brazil as a major corn supplier to this market at the time. However, as before, the top corn exporter to South Africa is Argentina.

 

UkrAgroConsult

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