Ukraine floods Asia with corn

Our country entered the top three for the sale of corn to the world market

Ukraine ranked third in the world in corn exports. Led the global ranking of the United States, and the second place went to Brazil, said the head of UkrAgroConsult, Sergey Feofilov. He claims that during the last five months Ukraine supplied the EU with 4.4 million tons of corn, which is 123% more than last year. Thus, our country pressed the second largest supplier in the EU market – Brazil, whose share fell by 10% and its volumes by 400 thousand tons.

Ukraine has also entered the top five exporters of wheat, the analyst added.

“For Ukraine, four of the five largest target wheat markets are distant countries (Indonesia, the Philippines, Korea). Meanwhile, Egypt, Bangladesh, Thailand and India reduced the purchase of Ukrainian grain in the current season compared with the previous one, ”he said.

Feofilov said that Ukrainian exporters managed to compensate for the loss of the Indian market. It was India that was the largest buyer of Ukrainian wheat in the season 2016-2017. True, the new large importers are also predominantly Asian countries.

Wheat Ukraine flooded Indonesia, which is at the top of the importer rating for the second consecutive season. In second place among the buyers of Ukrainian wheat – Egypt.

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