Turkey imported 38% of Ukrainian corn

Turkey has become the largest buyer of Ukrainian corn, importing 733 thousand tons, which accounts for almost 38% of the total export of this crop. 

The structure of Ukrainian corn exports remains highly concentrated. More than half of all supplies go to the MENA region (about 1 million tons), with another nearly 880 thousand tons directed to EU countries. 

At the same time, this demand pattern indicates that Ukraine continues to depend on a limited number of sales markets. 

Amid active shipments toward ports, where about 800 thousand tons of grain are currently heading, prices have begun to adjust. Over the week, corn on a CPT-port basis fell to $212 per ton (–$1 per week). From the local high of the past two weeks, the price has lost almost $4.

Reference source: http://surl.li/hhjwwe556iiop

 

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