Turkey generating record demand for Black Sea corn

13.03.2018

The corn season in the Black Sea region is in full swing from the viewpoint of both exports and prices.

The first half of the 2017/18 corn season in the Black Sea region had some characteristic features, including demand from Turkey.

Turkey shows record demand for corn from the Black Sea region despite an increase in the country’s own production of this crop.  

So, according to preliminary data of market participants, in the first half of the 2017/18 season Ukraine supplied almost two and a half times more of corn than for the entire last season. This is the largest ever volume of Ukrainian corn exports to Turkey, reports UkrAgroConsult. Russia was the only leader in supplies to this end market, where it was actually a monopolist.

Noteworthy is that Russian corn shipments to Turkey is still on the rise despite a decline in Russia’s corn crop in 2017.

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

 

UkrAgroConsult

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