Ukrainian corn’s position in the world market in MY 2018/19

11.12.2018

Despite snow and current weather conditions, the corn harvest in Ukraine continues. As of December 7, it was 98% complete. Roughly 100 Th ha remains to be harvested.

According to meteorologists, air temperatures in most of Ukraine will exceed 00С in the coming days that will accelerate snow melting and allow growers to finish the corn harvest within a week. No precipitation is expected in most of the country in the near future either.

Thus, for the first time in several years, corn will not remain in the field over winter. On average, some 5-10% of corn plantings have remained unharvested until spring in the recent years. This appreciably increased grain losses in the respective areas.

Despite corn plantings in Ukraine being at a four-year high and its total crop being record high, growers will complete this year’s harvest with lower losses and conditioning costs than they could incur with this production level.

UkrAgroConsult expects 2018/19 corn exports at record high level. At the same time, there are still certain risks for realizing export potential.

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

Analytical report "Black Sea Grain" contains detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea region.

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