Corn prices are expected to decline in India
Indian corn futures prices are expected to decline in the coming weeks as the new harvest enters the market.
Traders told Reuters that they expect the higher harvest to contribute to lower prices. In addition, low global corn prices will affect the domestic market.
Heavy rains in September increased the sowing of winter crops, which may partially offset the 9 percent drop in summer crops.
According to USDA forecasts, India’s corn production in 2024/25 will reach a record 37 million tons.
Read also
Missed BLACK SEA GRAIN? Get Full Access to Conference Insights!
US soybean oil prices rise to highest level since 2022 after biofuel targets updated
Wheat supports moderate growth in Malaysia’s feed milling industry
India cuts palm oil imports as it switches to rival edible oils
Ukraine increased corn exports in April
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon