Ukraine's corn exports may reach 1 million metric tons for October, a record for the month caused by high demand and a removal of the 12% tax, according to researcher UkrAgroConsult.


The tax, which had been put in place on July 1, was removed on October 22. The Ukraine government said it expects 12 million metric tons of corn to be exported in the marketing year (which began July 1) and a record harvest of 20 million metric tons. Corn exports for the country usually peak in November and December, but remain high through March.