EU buying more Ukrainian corn than China for the second month in a row
June Ukrainian corn exports totaled 1.7 MMT (-24% from May and +10% from June 2019/20). 22.45 KMT has been exported this season (-21% y-o-y), UkrAgroConsult reports.
For the second consecutive month, the EU has been purchasing more Ukrainian corn than China has (619 KMT vs. 463 KMT, respectively), but the gap is nevertheless still too wide.
The EU, a traditional buyer last season, reduced imports from the same period a year ago (by 33%), and the following countries did the same: Egypt (-30% y-o-y), Iran (-2%), Turkey (-68%), Israel (-46%), Algeria (-52%), Tunisia (-18%).
The following importers stepped up purchases from last season: China (+66%), and the United Kingdom (+23%).
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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