Ukraine versus Argentina and Brazil on the corn export market

01.12.2016

In 2015/16, corn exports from Ukraine were down 11.4% year-on-year, at 16.76 MMT. The corn harvest decrease was the main factor that slashed deliveries to all the key destinations except for the EU – on the contrary, Ukraine managed to boost exports to Europe by 44.4% to 8484 KMT.

The situation may change in the season 2016/17. Ukraine has additional export availabilities, which UkrAgroConsult estimates at 2 MMT (19 MMT).

At the same time, the current season will be marked by a record global harvest (+7.4% against 2015/16 according to the USDA’s estimate) due to higher outputs in the US, Brazil, and Argentina.

In view of an expected decline in world corn imports (the USDA predicts them to drop by 3.4% against 2015/16), it is worth analyzing what or who Ukrainian exporters may face on the traditional destination markets of this crop.

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

Further prospects of the Black Sea grain market in the upcoming 2017/18 season will be discussed at the XIV International Conference “Black Sea Grain: Wind of Change”, which will take place on April 5-6, 2017 in InterContinental hotel, Kiev, Ukraine.

Black Sea Grain conference is large international platform, offering high quality market analysis and networking opportunities for the global leaders of grain and oilseed industry. The event is annually attended by over 800 agribusiness representatives from more than 400 companies and 50 countries worldwide.

 

UkrAgroConsult

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