Ukraine To Become World's Second Largest Corn Exporter

Posted by Nogger - a legend in his own mind at 11:07 | Categorized as

21/03/12 -- The Ukraine Ag Minister says that the country will export a record 15 MMT of corn in 2011/12. That's 1 MMT more than the USDA currently estimate and would propel them above Argentina into second place in the world export league table, second only to America.

What is more, they seem to like their new found prominence there as they are likely to up corn plantings this year by between 23-29% to 4.3-4.5 million hectares, he estimates.

If they were lucky enough to match last year's yields then that would give them a monster crop in the region of 27-29 MMT in 2012.

Carryover grain stocks at July 1st are likely to be a hefty 10 MMT plus, including 7-8 MMT of wheat, he says.