Ukraine Corn Supply and Demand

corn supply and demand for Ukraine

This week's U.S. Grains Council Chart of the Week shows the corn supply and demand for Ukraine for the past 10 years. The chart demonstrates a dramatic increase in Ukraine corn production up from 6.9 million metric tons (271.6 million bushels) in 2003 to 26 million tons (1 billion bushels) this year.

Ukraine's domestic use of corn is almost all for feed use and is growing at a much slower pace than production. In the past 10 years domestic use in Ukraine has only increased 3 million tons (118.1 million bushels). As a result, Ukraine corn exports have grown to 16.5 million tons (649.6 million bushels) and this trend is likely to continue.