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Export of corn from Ukraine to China increased almost threefold

Export of corn from Ukraine to China increased almost threefold

Export of corn from Ukraine to China increased almost threefold

During the period from October to January of this MY, the export of corn to China amounted to 812.500 t, which is almost three times higher than exports in the past MY.

Such information was provided by APK-Inform.

The total exports of corn to China during the whole previous MY amounted to 1.500.000 t, which is more than 60% of the total imports of this country. In May 2017, the export figures of corn to China were the lowest. Then, the amount of exports was 546.500 t.

Analysts say that the second half of this marketing year may be marked by the growth of corn supplies to China, but taking into account the decrease in production of this crop in Ukraine, the export potential is not so high.

This season, the forecasts for corn exports are almost 18.000.000 t, which is 16% less than what was supplied last season. The report also says that China refuses American corn more often because it contains GMOs. It is for this reason Ukrainian corn in now a substitute for the American corn.

Ukraine’s corn exports to China are experiencing impressive growth, almost tripling. This reflects significant opportunities and opportunities for Ukrainian agricultural producers and exporters. China is the largest consumer of corn, and Ukrainian corn is in high demand due to its quality and competitive prices. Growth exporting corn to China creates a favorable situation for strengthening Ukraine’s position in the global market and increasing the income of agricultural enterprises.Analyze the indicators and success factors in this area in order to make informed decisions and successfully develop your business in agriculture.