Season 2016/2017 was marked with second in a row low corn crop in top-producing EU countries – France, Romania, Italy and Spain.
According to European Commission’s estimates, EU corn crop totaled 59.073 MMT in 2016/2017, almost in line with last year volume – 59.066 MMT at the expense of higher production in other top producers and in EU countries, which predominantly imported corn.
EU imports are forecast higher than last year – 14 MMT against 13.2 MMT and the potential for further increase of exports from Ukraine and Russia, which respectively took 63% and 11% of EU corn market last season, really exists.
But it should be noted, that during the first two month of the current season (September-October) export pace from these countries is slower than last year and there are several reasons for that. (UkrAgroConsult/Business World Magazine)
