Analysis

Lower Corn Prices in China and Spain Import Markets

Maize (Corn)
China
Spain
Published Dec 15, 2021
Corn wholesale price in China fell slightly to 0.62 USD/KG in W2 December 2021, with a -2.07%YoY compared with last year's prices while Spain's wholesale prices fell by -48.78% to 0.62 USD/KG in W2 December 2021. Amid the high demand for imported corn to China, its domestic production increased which likely lowered price. Meanwhile, corn imports to Spain will continue to grow steadily due to the increased competitiveness of corn compared to other feed grains.
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