India's Maize Prices Soar 27.6% YoY in Nov-23 due to Weather Anomalies

Grain & Cereals

Published Nov 10, 2023

India's corn prices surged 27.6% YoY to USD 0.25/kg in Nov-23 due to lower acreage and rainfall deficits in key states. Globally, maize prices rose 7% MoM in Sept-23 to USD 223/mt, driven by demand in Brazil and disruptions following Russia's withdrawal from a Black Sea agreement.

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