Ukrainian corn sales to the EU gradually catching up with those to China
Almost 2.48 MMT was exported in February (+24% from January and -28% from February 2019/20). Total exports since the season’s beginning have totaled 13.27 MMT or 26% y-o-y, UkrAgroConsult reports.
For a second month in a row, the EU has been purchasing more than China, but this season’s total volume is still lower than that bought by Chinese importers.
China’s share shrank by another 2% in February, to 36%, with that of the EU equaling 33%.
Most major buyers reduced corn imports from Ukraine compared to a year earlier (except for China and the United Kingdom): the EU, Egypt, Turkey, Libya, Algeria, Iran.
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 3-day free trial!!
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