Importers in China are believed to have made large purchases of animal feed corn from Ukraine in the past two weeks, traders in Asia and Europe said today - providing a boost for the war-ravaged country from an unlikely source.
Several traders told Reuters the purchases amounted to several hundred thousand metric tons.
Some estimates from European traders ranged from 500,000 to one million tons for shipment between October and December.
A Ukrainian government source also confirmed corn sales to China - a key ally of Russia - particularly since Moscow's full-scale invasion of Ukraine.
"Importers in China have bought around 10 to 12 Panamax cargoes of Ukrainian corn for November/December shipment," said a Singapore-based trader at an international grains trading company, referring to a size of ship with a capacity that typically exceeds 60,000 tons of grain.
"Ukraine is the cheapest origin for corn as of now," the trader added.
A Ukrainian government source said: "I cannot tell you the volume, but I know that many [traders] did it and it is a good trend [for Ukrainian corn]."
The news may prompt concern among Vladimir Putin and senior figures in his regime, given the fact China has previously been considered Moscow's most important ally.