Ukraine: The reason for the rise in world prices for corn is named

Published 2022년 2월 5일

Tridge summary

In January, world corn prices increased by 3.8% due to concerns about potential drought in the Southern Hemisphere, particularly in Argentina and Brazil. This rise was also influenced by the situation in the wheat market. Wheat export prices, on the other hand, decreased by 3.1% due to a surge in supply caused by high yields in Australia and Argentina. However, this decrease was limited by consistent high demand and uncertainty about export supplies. Sorghum prices also rose, while barley prices fell slightly. Overall, fig prices increased by 3.1% due to low yields and stable purchases from Asian countries.

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

Original content

World corn prices rose 3.8% in January amid fears of drought in the Southern Hemisphere, particularly in Argentina and Brazil. This was also facilitated by the situation on the wheat market. This was reported by Kurkul.com based on a report by FAO. "Instead, wheat export prices fell 3.1% in January due to a seasonal increase in supply due to high yields in Australia and Argentina. The fall in prices was hampered by the consistently high demand due to the reduction in world supply of high-quality wheat, and uncertainty about export supplies, "- said in a statement. As for other feed grains, world sorghum prices also rose in January, while barley prices fell slightly. In addition, against the background of low yields and stable purchases from Asian countries, world prices rose by 3.1% in Fig. Read also: ...

Source: Kurkul