Business news from Ukraine

Business news from Ukraine

UKRAINE INCREASES CORN SUPPLY TO CHINA BY 5.4 TIMES IN 2014/2015 MY – EXPERT

10 July , 2015  

KYIV. July 10 (Interfax-Ukraine) – In the 2014/2015 marketing year (MY, July-June) Ukraine exported more than 2.7 million tonnes of corn to China, which is 5.4 times more than in the previous marketing year.

“According to UkrAgroConsult, maize exports to China in the 2013/2014 MY exceeded 500,000 tonnes, while in the 2014/2015 MY the figure is estimated at about 2.7 million tonnes,” the leading grain market expert at UkrAgroConsult consulting agency, Yelyzaveta Malyshko, told Interfax-Ukraine.

According to her, in April and May 2015 Ukrainian companies supplied about one million tonnes of this crop to the country.

“Ukrainian corn is well known all over the world. First of all, it is not genetically modified. Despite the fact that China accepts 15 varieties of genetically modified corn, it does not accept maize stamped MIR 162. American corn in this sense has problems with exports to China. In the year before the marketing year, 1.3 million tonnes of U.S. corn was not accepted at Chinese ports,” Acting Chairman of PJSC State Food and Grain Corporation of Ukraine Borys Prykhodko said.