Ukraine became the key corn supplier of Egypt

11.05.2017

Ukraine exported 3127 KMT of corn in March 2017 – the largest volume since December 2013. A total 13.54 MMT of corn was shipped abroad from Ukraine over the seven months of the season, i.e. 11% more than at the same time in MY 2015/16, reports UkrAgroConsult.

Traditionally, the European Union was still the main end market at the time. However, exports to this market currently lag far behind last year. In the period under review, Ukraine supplied 5.2 MMT of corn to the European Union, or 25% less than at the same time a year ago (6.9 MMT).

What nations offset the drop in Ukrainian corn exports to the EU. UkrAgroConsult wrote previously that Iran had replaced China for Ukrainian corn exporters, while expanding deliveries primarily to South Korea, Egypt, South Africa and Japan compensate for the decline in deliveries to the EU. UkrAgroConsult has mentioned South Korea before: Ukraine has managed to somewhat regain its position there in the current season.

Egypt draws similar attention now. In the period under review, corn supplies to the Egyptian market are already 7% higher than for the whole last season: 2.3 MMT against 2.15 MMT, respectively. In addition, according to preliminary information of market participants, another some 650 KMT of corn has been shipped to this market in April.

So, Ukraine has managed to regain its position in the Egyptian market this season and become the top corn supplier of Egypt, having outstripped Brazil.

 

UkrAgroConsult

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