Greece: Corn secures a 23 cents with clear upward trends in Europe and Russia

Published 2024년 10월 3일

Tridge summary

The article highlights a significant corn deficit in southern and southeastern Europe, leading to rising prices in countries such as Romania, Bulgaria, Ukraine, and Greece. Despite reduced yields due to adverse conditions, Greek corn production is consumed domestically, allowing for market self-regulation. Concerns are growing about the impact on breeders if prices reach 25 cents per kilo. Similar price hikes are noted in neighboring countries and Russia, where production has also decreased. The global corn supply is shrinking, with potential further price increases influenced by factors like La Niña in Brazil and a shift towards soybean cultivation in Latin America.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the neighborhood of southern and southeastern Europe, the actual corn deficit is significant and cannot be compensated by cheap imports, which is gradually pulling up prices in Romania, Bulgaria, Ukraine and Greece. After all, it is the same countries that made the imports in previous years that are facing a similar problem. On the positive side of Greek corn production is that it is consumed domestically and thus the market can largely self-regulate when there are local phenomena of short supply, biting a little more than international prices. Harvesting is now in full swing in most parts of the country and the kilos harvested are clearly less than what would be expected based on the acres sown. On averages, there are many areas that last year produced 1,800 to 2,000 kg of blackheads per acre and this year are struggling to get 1,500 kg. But the most damage was done by the livas in the dry fields, where the numbers that are said and written on social media are really ...
Source: GRAgronews

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