Russian corn export results in MY 2020/21
67 KMT of Russian corn was exported in August (-50% from July, -59% from August 2019/20). Exports for the entire season totaled 4 MMT (-5% from MY 2019/20, -12% from the five-year average), UkrAgroConsult reports.
Iran is still the main importer of Russian corn despite a 40% slump in purchases from last season.
As before, the second biggest buyer is Turkey with a 25% share in Russian corn exports in MY 2020/21. Apart from Iran, the following major buyers also reduced imports compared to MY 2019/20: Vietnam (-78%) and Japan (-6%).
Other importers increased corn purchases from Russia: Libya (+26%), Turkey and Georgia (+15%), South Korea, China and the EU (more than doubled).
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 Online Analytics “Black Sea Grain” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!
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