Brazilian sales push EU corn imports 54% higher YOY.

EU imports of corn have passed the 10 million mt mark and now stand 54% higher than at the same stage last year as buyers have taken advantage of low global corn prices and favourable freight rates. Imports of cheap Brazilian corn are almost five times what they were at the same stage last year, with 4.91 million mt of imports accounting for just under half of the EU’s total imports. Ukrainian corn imports, meanwhile, are up 6% year-on-year to 3.65 MMT. Spanish corn importers have led the way, surging ahead by 52% and topping 3.99 million mt this week, while Dutch corn imports are 28% higher year-on-year at 2.09 million mt, and Portugal is up 20% to 1.03 MMT.