June 22, 2011

Ukrainian corn exports reaches near-record in May

Ukrainian corn exports reached 1.05 million tonnes in May, the second-highest on record after the 1.07 million tonnes shipped in December 2009, according to UkrAgroConsult.

Outbound shipments of grains last month increased to 1.157 million tonnes from 424,000 tonnes a month earlier, the Kiev-based researcher said. Corn was delivered to Egypt, Spain, and Iran, it said.

The eastern European nation cancelled corn export quotas on May 5 after seven months. Wheat and barley quotas were scrapped on June 4. Authorities will tax grain exports from next month through December.