Maize Prices in Argentina Surge by 31.8% YoY in November Due to Weather Complications

Maize prices in Argentina are up 31.8% YoY in Nov-23, reaching USD 0.32/kg, the highest price for the year. This rise is attributed to a reduction in the estimated corn planting area to 7.1 million hectares (ha) due to substantial crop damage from hailstorms in the central region, impacting planting decisions and crop projections in Argentina.