Ukrainian corn exports in MY 2017/18: down 17%

18.06.2018

This season features the slowest pace of Ukrainian corn exports in several years, reports UkrAgroConsult. So, export shipments in September-May 2017/18 totaled some 15 MMT that is down 17% year-on-year (18.2 MMT in September-May 2016/17).

Corn exports from Ukraine slowed down noticeably in May 2017/18, when 1.8 MMT was shipped to foreign markets. This is almost 21% less than in the previous month and 32% less than in May 2016/17, reports UkrAgroConsult’s analysts.

This year witnessed certain changes in the range of export destinations for Ukrainian corn. A drop was seen in shipments to most key markets. So, corn exports to the EU in September-May 2017/18 were down 10% on the year, while those to Egypt decreased 31% and deliveries to Iran and Tunisia fell by 58% and 43%, respectively. In fact, no corn was supplied to South Korea.

At the same time, China boosted imports of Ukrainian corn by 182% in the period under review. Supplies to Turkey skyrocketed to 997.4 KMT this season against 93.7 KMT a year ago. Exports to Israel increased 14%.

UkrAgroConsult notes that at the same time Russia keeps exporting corn at a near-record pace. Russian exporters sold to foreign markets 4.1 MMT of corn during September-April 2017/18 that is just 2% less than in the same period in MY 2016/17. Turkey significantly increased imports of Russian corn. Thus, Russian corn exports amounted to 1.5 MMT in the mentioned period. Besides Turkey, shipments to Lebanon grew at a rapid pace. Noteworthy, in the 2016/17 season Russia exported record high volume of corn – 5.64 MMT.

More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Grain" by UkrAgroConsult.

 

UkrAgroConsult

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