Ukrainian corn is steady demand
According to experts, the USDA, in the 2016/17 season my Ukraine increased corn production to 28 million tons, which is 20% or 4.7 million tons higher than the results of the previous season. The acreage increased by 4% to 4.3 million hectares.
corn Exports from Ukraine in the season 2016/17 will increase by 12% and amount to 18-18,7 million tons, of which today is already exported more than 12 million tons.
This substantial increase in gross collection was made possible through long-term increase in productivity. In the 2016/17 season the average yield should be 6.6 t/ha, which is 13% higher than the global average. For comparison, the average yield of maize in the current season is expected in China at 6 t/ha, Russia – 5,5 t/ha, Argentina – 8.2 t/ha.
with the opening of the Iranian grain market, the export prices in season 2016/17 slightly higher than last year and fluctuated between 150-155 $/ton.
the Fall in maize prices on the stock exchange in Chicago in the past week with 150 $/t to 140,54 $/t while did not significantly affect purchase prices in Ukraine. Now, for deliveries in the port they make 155-156 $/ton or 4900-4950 UAH/ton.