December 17, 2012


EU corn imports may hit second-highest on record


Following a surge in wheat exports curbed domestic grain supply and drought parched crops, EU corn imports may be the second-highest on record this season.


The EU issued licenses to import 3.6 million tonnes of corn since the marketing year began July 2, more than twice the amount a year ago.


Purchases will rise 59% to 10 million tonnes, the second highest for data to 1999, the International Grains Council says.

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