Ukraine boosted corn deliveries by 75%
In September-January 2018/19, Ukraine exported 11.4 million tons of corn, which is 74.5 pct more than the corresponding indicator of the previous season (6.5 million tons) and 35.7 pct higher than an average five-year level for the indicated period (8.4 million tons), UkrAgroConsult informs.
The pace of corn exports in February continues growing and is expected to exceed the volume of January exports.
“Within five months of the current season, more than 69 pct of the total export was delivered the European Union. Exports in this direction grew by 144 pct to 7.9 million tons. Among the twenty European states importing Ukrainian corn, Spain, the Netherlands and Italy purchased the largest volumes,” analysts say.
China, being the second largest importer of Ukrainian corn, increased corn purchases by 31 pct to 1 million tons vs 814 thou. tons in the prior-year comparative period.
Ukrainian corn exports improved in the direction of the key markets such as Egypt and Libya. The growth of supply in the reporting period was also marked for Lebanon.
“After a halt in MY2017/18, purchases of Ukrainian corn were resumed by India. In January of the current season, almost 65 thou. tons of corn were delivered to this country,” analysts say.
Turkey is one of the markets that reduced corn imports from Ukraine this season. During the reporting period, Turkey reduced its purchases by 65 pct. In addition, there is a decrease in exports of Ukrainian corn in the direction of Tunisia and Israel.
As previously reported, grain exports from Ukraine as of January 30th reached 30.17 million tons. The Agrarian Ministry reported that that volume was 5.29 million tons more than the indicator for the last year's comparative period.
The new infographic guide Agribusiness of Ukraine 2017/18 is available by the link.