Russia, which harvested a bumper corn crop this past year, also saw its corn exports from September-November 2016 increase by 59% to 1.8 million tonnes compared to 1.13 million tonnes in the same period in the previous crop year.
UkrAgroConsult said the E.U. and Iran remain the top importers of Russian corn, accounting for 22% and 21% of Russian exports, respectively.
It said Russia is seeing increasing corn purchases from Japan as well as Southeast Asian countries. So far this year, Russia has shipped an all-time high of 227,314 tonnes of corn to Japan and a combined 120,000 tonnes to Bangladesh and Vietnam, which are relatively new corn export markets for Russia.