Home / Markets / Markets Analysis / Corn market / Record Ukraine corn crop coming

Record Ukraine corn crop coming

DANIEL LOOKER 05/08/2012 @ 2:25pm Business Editor

Ukraine is expected to have record corn production and exports following the 2012 crop, according to a USDA report released this week. 

The Grain and Feed Annual produced by Foreign Agricultural Service staff projects this year’s corn production at a record 23 million metric tons, up from last year’s revised estimate of 22.8 mmt. Exports could hit 14.5 mmt, also a new high after last year’s 14 mmt.

But planted acres are expected to jump 21%, from 3.54 million hectares to 4.3 million hectares (or from 8.75 million acres to 10.6 million acres).

Part of the increase is due to corn and other spring planted crops replacing winter wheat and winter barley that were damaged by a dry fall and cold winter. 

“Corn exports in…2012/13 are expected to reach an all time high of 14.5 mmt,” the report says. “Ukraine has been increasing its exports of corn in the recent years and has become a significant global market player. Egypt, Iran, Israel, Syria and Spain have become the largest buyers of Ukrainian corn.”

The full report is available at:

http://gain.fas.usda.gov/Recent%20GAIN%20Publications/Grain%20and%20Feed%20Annual_Kiev_Ukraine_5-2-2012.pdf

 

CancelPost Comment
MORE FROM DANIEL LOOKER more +

Vilsack Defends Ag on Earth Day By: 04/22/2014 @ 6:13pm With Congress doing little to address climate change, those who care about the issue are looking to…

USDA Fosters $150 Million Rural Fund By: 04/21/2014 @ 4:34pm Agriculture Secretary Tom Vilsack Monday announced the formation of a new investment program…

Congress Members Try to Rescue GMOs By: 04/09/2014 @ 5:47pm Two members of Congress introduced a bipartisan bill Thursday that would replace state-level GMO…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Waiting For the Planting Window