The price of corn on the world market has fallen

Published 2023년 3월 30일

Tridge summary

Between February 2 and March 9, the global corn market experienced a price decrease, largely due to low export demand and a substantial supply of wheat from Russia and Australia, according to Tallage and the Agricultural Economics Institute (AKI). The price drop was most significant in the French and American corn markets. In the USA, the immediate export price of corn fell by $25 to $277/ton, while in Argentina, it was traded for $279/ton. In Ukraine, the immediate port price of the crop fell by $20 to $208/ton, and in Bulgaria and Romania, the spot market price decreased by $18 to $288/ton. Additionally, in Hungary, the price of fodder corn fell by 11% compared to the previous year.

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

Original content

According to Tallage, between February 2 and March 9, the price of corn on the world market decreased. The price of French and American crops fell to the greatest extent due to low export demand, in addition, the significant supply of Russian and Australian wheat also pushed down the price of corn - points out the Agricultural Economics Institute (AKI). They added that the immediate export price of corn produced in the USA decreased by $25 to $277/ton during the observed period. AKI's analysis reveals that in Argentina, the immediate delivery crop could be traded for $279/ton. In Ukraine, the immediate port price (FOB) of the crop fell by $20 to $208/ton at the same time. In Bulgaria and Romania, the spot market price of corn decreased by $18 to $288/ton. In Hungary, according to AKI PÁIR data, fodder corn changed hands at an average producer price ...

Source: AgroForum