Russia halved corn exports in MY 2018/19
According to preliminary information from trade sources, Russia exported 1.7 MMT of corn in September-March 2018/19 (including the Customs Union), or 51.2% less than in the same period last season, reports UkrAgroConsult.
Iran became the biggest importer of Russian corn in the reporting period, when it increased purchases to 1.0 MMT (up 56% year-on-year). The European Union climbed to the second position in terms of imported volumes: shipments to this destination rose by 22% this season in the mentioned period.
At the same time, Russia boosted corn supplies to Azerbaijan (+47%) and Japan (+29%).
Turkey, last season’s top importer, slashed purchases of Russian corn in September-March 2018/19 by 88%, to 149.5 KMT against 1.3 MMT a year earlier.
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.
If you need fast and reliable analytical tool, historical and current market data, daily updates on grain, oilseed and pulses markets, try out a new innovative tool for agri market participants – AgriSupp.com. We offer 2-week trial! Completely free!
Read also
Growing demand for corn in Vietnam points to increased imports
BLACK SEA GRAIN. KYIV conference brought together grain market participants and ex...
Argentina bug invasion knocks $1.3 billion off corn crop
Growth of corn prices in Ukraine limits the fall in world prices
Argentine farmers call for ‘urgent’ end to wheat export taxes
Write to us
Our manager will contact you soon