The EU’s share in Ukrainian corn exports keeps shrinking
Almost 18.5 MMT of corn has been exported from Ukraine this season. This is 25% lower compared to a year ago, UkrAgroConsult reports. 2.6 MMT was exported in April (+1% from March and -15% from April 2019/20).
China continues to be the top consumer of Ukrainian corn, while the EU cuts purchases from month to month. As a result, the European share in Ukrainian exports fell to 30% (32% a month earlier).
Iran has been showing a rapid pace of corn purchases for a second successive month (244 KMT in April). This made the country the fourth biggest importer of Ukrainian corn.
As of late April, China was the only importer that had increased imports of Ukrainian corn from last season (twofold), while other buyers, on the contrary, had reduced them: the EU (-41%), Egypt (-41%), Iran (-22%), Turkey (-59%), Israel (-45%), Algeria (-46%), Tunisia (-24%), Libya (-40%).
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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