This season is characterized by an active growth in corn exports, according to analysts from the Infoindustria news agency. Ukraine has already shipped more corn to the foreign market than for the entire 2017/18 MY.
According to official statistics, in the first half of the 2018/19 marketing year, Ukraine sold 18.6 million corn abroad, which is 1.7 times more than in the same period in 2017/18 MY. At the same time, the country has already exceeded all the indicators of the 2017/18 MY season. Throughout the past season, Ukraine exported a little more than 181 million tons of corn.
Market participants attribute this situation to obtaining a record corn crop in the country in 2018. Recall that last year, Ukrainian farmers were able to harvest 35.8 million tons of this crop, which was a record for the last five years.According to USDA experts, the export potential of Ukrainian corn this year reaches 29 million tons. It was previously reported that a high corn crop in 2018 gave an impetus to an increase in the production of corn starch in Ukraine. Compared to 2017, it grew by 26.55 and amounted to 110 thousand tons.
Demand for corn starch domestically and its export in 2019 is increasing. In 2018, 37 thousand tons were sold on the domestic market of Ukraine, while in 2017 - 32 thousand tons. The export of this product in 2018 amounted to 70 thousand tons. In 2017, 61.2 thousand tons of starch were sold abroad.