Corn market in EU

Published 2024년 10월 23일

Tridge summary

In Greece, farmers are facing significant challenges with wheat yields being reduced by up to 40% in dry fields and those without storage options being forced to sell at low prices. However, a portion of the production (35%) with long shelf life is expected to be fixed at a higher price of 24 to 25 cents per kilo. The import of corn is expected to be scarce and expensive, with prices required to be at least 25 to 26 cents per kilo. French farmers are currently harvesting corn at 215 euros, taking advantage of their geographical location to secure cheaper corn from the international surplus. The prices for corn in France are currently around 210-215 euros per ton for November contracts and close to 215-220 euros per ton for March contracts, despite the significant surplus in Atlantic.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In Greece, with threshing completed, the final account leaves a bitter taste with yields reduced from 20% in some irrigated up to 40% in dry fields, while those producers who do not have a way to store, were forced to give the fresh wheat at prices from 19 to 22 cents per kilo. On the other hand, about 35% of the production that can be kept for a long time in the hands of farmers, will have the opportunity in the coming weeks to be fixed at 24 to 25 cents per kilo. Of course, many people say that "under 27 minutes the doors don't open". It remains to be seen how the situation will develop. Carloads of imported corn are and will continue to be for some time this year both scarcer and more expensive. For example, the last ship that bound Volos with pike from Bulgaria went out at 230 euros CIF, to which must be added the 10-15 euros per ton costs to stay in the trader's warehouse. This shows that at least 25 to 26 cents per kilo is required to get corn out of the hands of the trade ...

Source: GRAgronews