Ukrainian corn exports gradually recovering

Almost 15.9 MMT of Ukrainian corn has been shipped abroad this season (-26% y-o-y), UkrAgroConsult reports. March export shipments recovered by 5% from February, but remained 26% lower than in March 2019/20.

In March China imported twice as much Ukrainian corn as the EU did. China’s export share in March increased from 36% to 38%, while that of the EU fell from 33% to 32%.

Iran and Algeria boosted imports in March compared to February (threefold and twofold, respectively).

The overwhelming majority of key buyers cut corn purchases from Ukraine compared to last season, except for China (doubled imports) and the United Kingdom (+1%): the EU, Egypt, Turkey, Iran, Algeria.