Russia. 2018/19 corn exports hit a six-year low

Russia exported 1.9 MMT of corn in September-April 2018/19 (down 54% from the same period in MY 2017/18), reports UkrAgroConsult. This is the smallest volume of corn exports in six years.

This season’s biggest importer of Russian corn is Iran, which absorbed 63% of its total exports. Accelerating exports was registered to the following key markets: Iran (+48.8%), Azerbaijan (+67%), Japan (+26.4%) and Belarus (+12.2%).

Weakening demand from traditional importers such as:  Turkey (-90%), Georgia (-30.3%), EU (-17.8%).

More 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 is available to subscribers for weekly market report "Black Sea Grain" by UkrAgroConsult.

If you need fast and reliable analytical tool, historical and current market data, daily updates on grain, oilseed and pulses markets, try out a new innovative tool for agri market participants – AgriSupp.com. We offer 2-week trial! Completely free!

UkrAgroConsult