Ukrainian corn exports to Turkey hit a high

22.02.2018

Ukraine stepped up corn exports in December-January 2017/18, but their volumes are still lower than a year ago due to a drop in the country’s corn export potential this season, reports UkrAgroConsult.

Ukraine exported 2086 KMT of corn in January 2018, down 10% from this same month in 2017 (2312 KMT).

The country supplied 6.53 MMT to foreign markets in the first five months that is down 24% on the year (8.65 MMT).

Already traditionally, the European Union absorbed half the volume of Ukrainian corn shipments at the time. Despite the overall decline in corn exports from Ukraine, those to the EU keep last year’s pace and totaled 3.24 MMT in the reporting period.

Ukrainian exporters continue to actively ship corn to the markets of China, Israel and Turkey. In the first five months of MY 2017/18, they supplied a record over 650 KMT of corn to Turkey against 277 KMT in the full 2016/17 season. As supply from Russia is expected to decrease, Turkey covers this season’s need for corn imports with Ukrainian commodity as well.

 

UkrAgroConsult

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