For the Quarter Ending June 2023
North America
In North America, particularly the United States, the Maize (Corn) market closely mirrored the trends in the Asia-Pacific (APAC) region throughout the second quarter of 2023. Maize prices experienced a continuous decline from the first quarter through June 2023. This persistent downtrend was influenced by increased stockpiles, ample supply from European buyers, the suspension of black sea grain trade by Russia, which continued to exert pressure on the market, and reduced exports from Ukraine, a major producer. The market also faced headwinds from a sharp decline in crude oil prices, impacting Russian edible oil and grain offers and subsequently weighing on Corn, soybeans, and wheat prices. The combination of rising interest rates and higher energy prices negatively affected import activities as production in exporting countries saw a significant decrease. Additionally, Corn prices in North America, especially in the United States, witnessed a decline of more than 3% in June. International coarse grain quotations for the United States dropped by 3.4%, primarily due to increased maize supplies from ongoing harvests in Argentina and Brazil. The increased production of corn and soybeans in these countries influenced prices in the United States, leading to a decrease, but the demand from foreign markets remained low. Consequently, Corn prices in the United States were consolidated at USD 270/MT FOB Los Angeles.
Get Real Time Prices of Maize (Corn): https://www.chemanalyst.com/Pricing-data/maize-1321
Asia Pacific
Across the APAC region, Maize prices followed a downward trajectory in China, a major importing country. Starting from April 2023, Maize prices steadily decreased compared to the previous month, attributed to an ample supply of high-quality corn surplus in North China and other regions. The lack of demand from both domestic and overseas markets contributed to the downward pressure on Maize prices. Furthermore, domestic Corn prices decreased by 3% by the end of May. Traders shifted their focus to new wheat, resulting in a decline in the trade volume of the corn market in China. Arrival of Corn at Chinese ports and downstream deep processing enterprises remained low, supporting the downward price trend until the final week of June. Consumption of Corn in end-user sectors also remained at lower levels. The world's largest corn importer, China, may continue reducing its imports from the US due to lower prices from Brazil and weaker exporting activity, keeping the fundamentals of the corn market on the downside. Despite a continuous decline for almost five months, with a drop of more than 5.4% from January to June, market analysts suggest that the corn market may see a turnaround. In June 2023, China's consumer prices unexpectedly declined, and the prices of Maize in China were consolidated at USD 380/MT Ex Shandong with a consistent diminishing trend.
Europe
Maize prices in Europe remained weak until the middle of the second quarter but showed improvement in June. Lackluster international demand and stiff competition from Argentina and Brazil affected export premiums of grains, influencing the overall market trend for the quarter. As the second half of Q2 approached its conclusion, some market analysts noted that Maize prices continued to decline amid high global exportable supplies. Overall, Maize prices decreased by over 3% during May. The Food and Agriculture Organization of the United Nations (FAO) Food Price Index, which tracks monthly changes in global prices of widely traded food commodities, indicated an inflation rate of 122.3% in June, down 1.4% from May and 23.4% from its peak in March 2022. As a result, Maize prices in France closed at $260/MT FOB Marseille, reflecting a 4% increase. However, this significant price surge was balanced by overall inquiries among market participants.
About Us:
ChemAnalyst is an online platform offering a comprehensive range of market analysis and pricing services, as well as up-to-date news and deals from the chemical and petrochemical industry, globally.
Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today's ever-changing chemicals market.
The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.
ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.
Contact Us:
ChemAnalyst
GmbH - S-01, 2.floor, Subbelrather Straße,
15a Cologne, 50823, Germany
Call: +49-221-6505-8833
Email: [email protected]
Website: https://www.chemanalyst.com
Simple Veggie Gain for healthy light made Spicy Corn Chowder Soup
The climate is beginning to heat up in numerous pieces of the world and nothing can be smarter to help acquire the glow than a handcrafted soup produced using scratch.
Indeed, regardless of whether it's a fresh and nippy night in winter or if it's amidst summer when many corn fields are being reaped this adaptable veggie-stuffed dish can be delighted in.
They were packs of yellow corn however white or yellow will be similarly delectable in this sound corn soup.
I regularly utilize crisp corn in formulas and another most loved that I have on the blog is Southern simple natural Corn soup.
Garlic, sound leaf, coconut milk cream, and onion additionally add a delightful multifaceted nature to the stock.
yellow maize exporters in india -pila makka in India.
Get Yellow Maize at best price from Yellow Maize Retailers, sellers, traders, exporters & wholesalers listed at sanvisioncommodities.com.Yellow Corn Manufacturer Exporter & Supplier in Delhi India- sanvision commodities is a best Manufacturer Exporter & Supplier of Yellow Corn in Delhi, Yellow .
Simple Spicy Healthy Food Made Of Corns-Based Salad At 15 Minutes For Manually
Who does not love the change of state of the roast corns from its cob and wallowing all of them, particularly in monsoon?
Best Healthy food corn recipes kernels square measure meals like mixed vegetable curry.
an excellent thanks to embodying corns in your diet is by boiling them and creating salads with them.
A dish is taken into account a healthy food vegan recipes meal because it could be an assortment of raw greens, fruits and vegetables, all at their most organic process levels.
Corns create a stellar ingredient in a very healthy dish for the assorted health advantages they supply.
Simple Spicy Healthy Food Made Of Corns-Based Salad At 15 Minutes For Manually
Who does not love the change of state of the roast corns from its cob and wallowing all of them, particularly in monsoon?
Best Healthy food corn recipes kernels square measure meals like mixed vegetable curry.
an excellent thanks to embodying corns in your diet is by boiling them and creating salads with them.
A dish is taken into account a healthy food vegan recipes meal because it could be an assortment of raw greens, fruits and vegetables, all at their most organic process levels.
Corns create a stellar ingredient in a very healthy dish for the assorted health advantages they supply.
Simple Spicy Healthy Food Made Of Corns-Based Salad At 15 Minutes For Manually
Who does not love the change of state of the roast corns from its cob and wallowing all of them, particularly in monsoon?
Best Healthy food corn recipes kernels square measure meals like mixed vegetable curry.
an excellent thanks to embodying corns in your diet is by boiling them and creating salads with them.
A dish is taken into account a healthy food vegan recipes meal because it could be an assortment of raw greens, fruits and vegetables, all at their most organic process levels.
Corns create a stellar ingredient in a very healthy dish for the assorted health advantages they supply.
