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.

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