According to APK-Inform estimations, in October-December period of the current MY Ukraine exported more than 725 thsd tonnes of corn to China, an increase of 3.6 times compared with the same period of 2016/17 MY (201 thsd tonnes).
The growth of corn supplies from Ukraine developed in terms of a slight increasing of the import forecast to China in 2017/18 MY, which the USDA recently estimated at 3 mln tonnes, up 21% compared with the imports in 2016/17 MY (2.5 mln tonnes). Thus, for 3 months of the current season Ukraine provided over 24% of the Chinese demand for imported corn. Last season, Ukraine supplied 61% of all batches of corn imported to China. In terms of keeping of the current trend, in 2017/18 MY the general shipments of Ukrainian corn to the country will reach 2 mln tonnes. At the same time, it should be noted that China continues its policy of gradual deliverance from corn stocks in the country, which have a significant pressure on the market.
You can receive more detailed information about recent trends of the grain market of China and development prospects of trade between Ukraine and China within frames of the XVII international conference Grain & Maritime Days in Odessa, which takes place in Odessa, on May 24-26, from the report of the Deputy General Director at the Center for International Agricultural Research, Chinese Academy of Agricultural Sciences (CAAS), Fengying Nie.
