Ukraine Eyeing Record Corn Crop

Posted by Nogger - a legend in his own mind at 10:30 | Categorized as

04/08/11 -- Ukraine is eyeing a record corn crop of around 17 MMT this year, according to the Ag Ministry there. That would be an increase of 43% on last season's 11.9 MMT crop, using USDA data.

With domestic consumption pegged at 7.4 MMT that leaves the Black Sea nation well-placed to leapfrog Brazil into third place in the 2011/12 world corn export rankings, bettered only by the US and Argentina.

They'll be looking to pick up nearby business into Europe and North Africa I'd have thought. Egypt is the world's second largest buyer of corn after Japan with Europe in third spot.