Ukraine will increase corn production by 14% — IGC

Photo by: Latifundist.com

Ukraine will increase corn production by 13.7% to 26.5 million tons in 2016/17 MY (23.3 million tons in 2015/16 MY). This was stated in the International Grains Council (IGC) November forecast.

The corn export will increase from 16.7 million tons in 2015/16 MY to 19 million tons in 2016/17 MY (by 2.3 million tons).

According to the report, the total corn offer in 2016/17 MY will make 27.4 million tons, which is 1.9 million tons more than in  2015/16 MY.

We would like to remind that the USA, China, Brazil, the EU, Argentina, Mexico and Ukraine are the largest corn producers in the world. You can read more in the Agribusiness infobook.