For the EU to reduce imports of corn in 2016 – 2017

2016-04-21 12:20:19
For the EU to reduce imports of corn in 2016 – 2017

the Volume of imports of corn by countries of the European Union presumably will be reduced from 12.5 in the season 2015-2016 gg to 10 million tonnes in 2016 – 2017 to provide Such information is provided by agricultural market analyst and strategy company BayWa Magnus Kellerman.

 

the Expert believes that one of the main reasons for this situation is the increase in the number of own maize production by increasing yields. It is believed that the quantity of corn produced will increase by 7 million tonnes and will amount to 65.2 million tonnes.

 

He drew attention to the fact that the European corn vicinality of the countries-exporters of this culture, including Ukraine, which from October 2015 to may 2016, was sold 11.9 million tons, exported to Europe 6,43 million tons of this amount.

 

Assessing the situation for 2016 – 2017, the expert noted the excellent condition of crops of wheat and barley in the EU. He stressed that this year the exports of wheat exceed 30 million tons, but reduced the exports of barley, compared with last year at 2.8 million tonnes and will amount to 6.2 million tons due to reduced requirements of China.