EU approved 750 thou. t import quota for Ukrainian corn

The official data published last week indicates that the European Union approved licenses to import of 750 thou. t of corn within the duty-free quota for grain of Ukrainian origin, Refinitiv Agriculture reports.

The total volume includes 2 consignments: 480 and 270 thou. t of two tranches of Ukrainian corn quota.

As reported, these volumes have become the largest to date in the current year under the year's tariff-rate quotas (TRQ) for grains import to the EU.

Export quotations for Ukrainian corn on the basis of FOB Odesa are pressed down amidst intense competition in the world market.

Learn more: TOP 10 Corn Producing Countries in 2019