Головна Market News Yield of Ukrainian corn will be one of the highest in the...

Yield of Ukrainian corn will be one of the highest in the world by the end of MY 2016/17

Based on the results of MY 2016/17, Ukraine will improve its corn production. So, the acreage under the crop will amount 4.3 million ha (+ 4%). The volume of production, according to the updated report of USDA (Grains: World Markets and Trade) will amount 28.0 MMT, exceeding the result of the previous season by 4.7 MMT (+20%).

A larger harvest will help to boost foreign trade in corn – it is expected that in MY 2016/17 the volume of export of such product from Ukraine will amount 18.7 MMT, exceeding the result of the previous season by 12%. Domestic consumption will also increase but not so much – by 5% to 8.4 MMT.

Such a significant increase in gross harvest is expected primarily due to the continued increase in yields. It is worth emphasizing that in MY 2016/17 this indicator is expected at the level of 6.6 t/ha, which exceeds the world average by 13%. For comparison, in China the average corn yield in MY 2016/17 is expected to be at 6.0 t/ha; in Russia – 5.5 t/ha; in Argentina – 8.2 t/ha.

Corn: balance of supply and demand in Ukraine and in the world, MMT

Ukraine

World, total

2015/16

2016/17

2015/16

2016/17

Sown area, mln. ha

4,1

4,3

177,7

181,9

Yield, t/ha

5,7

6,6

5,4

5,8

Production

23,3

28,0

961,9

1049,2

Export

16,6

18,7

144,9

144,5

Total consumption

8,0

8,4

960,7

1039,4

Incl. feed

6,7

7,0

598,9

630,2

Transition stocks

0,6

1,5

210,9

220,7

Перегляди: 1