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.

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