Ukraine Corn Exports May Rise to a Monthly Record for October

Ukraine’s corn exports may rise to a record level for October as export demand spurred prices and farmers sold the ample harvest after a 12 percent tax was removed last month, researcher UkrAgroConsult said.

Outbound shipments of corn may reach about 1 million metric tons in October, which would be a record for the month, the Kiev-based researcher said in an e-mailed statement today.

The corn export duty, which had been in place since July 1, was abolished Oct. 22. The government forecasts 12 million tons will be exported in the marketing year which started July 1 and a record harvest of around 20 million tons. That compares with UkrAgroConsult’s harvest estimate of 16 million tons.

Corn exports from Ukraine will remain high through March, the researcher said, adding that they usually peak in November and December. Competition from Argentina is expected to intensify from March, UkrAgroConsult said.

To contact the reporter on this story: Kateryna Choursina in Kiev at

To contact the editor responsible for this story: Claudia Carpenter at

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.