|
Corn
- Maize
Corn Related Links
Corn
Futures: U.S., India, China, Corn Export / Fob Prices: U.S., Argentina,
Brazil, Ukraine
U.S.
Corn, Soybean and Wheat Rise on adverse weather in Russia, Canada and
Europe
U.S.
Corn Futures, U.S., Brazil, Argentina Corn Export Prices
U.S.
Corn futures, Corn International Prices, Ukraine Germany France Barley
Prices,Feed Wheat Prices
Corn
fob prices of United States, Argentina, Brazil, Ukraine & Indian market
future prices
U.S.
Corn futures, Corn fob prices of United States, Argentina, Brazil, Ukraine,
Import prices of Malaysia and Indonesia
Corn (Maize), after wheat and rice is the most important cereal
grain in the world. It provides nutrition to both humans (33.3%) and animals
(66.6 %). Corn is basiclly used as raw material for the production of
starch, oil and protein, alcoholic beverages, food sweeteners and more
nowadays to produce ethanol, fuel. It is also consumed directly as food.
But its biggest use is as feed for livestock.
World Corn Production
World corn production in the year 2003 was at 614.3 million tons
while in year 2004 total world corn production was estimated to be 642.6
million tons. Global production of Corn-maize for 2007-08 stood at 772 Million
Tons and the consumption requirements were 777.4 million tones. In recent
past, growth of consumption requirement is faster than the production growth
due to industrial use in production of bio- fuel. Corn production and consumption
is dominated by United States. Indonesian corn production for 2010-11 is
forecast at 8.4 million tonnes. The country imports around half million
tonnes to bridge is supply-demand deficit. Thailand Brazil and India are
the major suppliers of corn to Indonesia.
Major Corn Producers, Exporters & Importers
United States is the biggest producer of corn (maize) in world, estimated
to grow 43% of the world production. China, Argentina, Brazil, EU are
the other major producers. USA & China are the major consumers of
corn. Though China is a big grower of the crop, it sometimes has to import
it to overcome its demand-supply gap. There has been continuous increase
in the consumption demand of corn due to increase in the demand from meat
and starch sector. There is also growing requirement of maize from poultry
sector, which uses corn as feed.
|
|
U.S.A. dominated the corn international trade followed by Argentina and
Brazil. South Africa, Ukraine & India are the other minor exporters
of maize. Japan, Korea, Taiwan, EU, Malaysia, other far-east nations,
Mexico and few African countries are importers of the corn in global
market. Major quantity of corn is exported in bulk.......more
|
|
Indian Corn-Maize Scenario:
India's corn production fluctuates between 12-14 million tons,
with 80-90% of the production being in the kharif season. In 2007-08,
it produced estimated 19.31 Million tonnes of Maize. Andhra pradesh is
the largest producer in India followed by Karnataka, Bihar, Uttar Pradesh,
Madhya Pradesh and Rajasthan. gujarat and Maharashtra also produces small
quantity of corn.
Around 50% of the production goes into feed use, 10-15% for starch industry,
the use of which is growing day by day while rest is for human consumption
and other uses. India's corn exports for year 2008-2009 was estimated
at around 1 million tons. Major export is to South East Asian nations
like Malaysia, Vietnam and Singapore.
The rising household incomes and higher standard of living have shifted
human consumption from maize to other cereals like rice and wheat. The
rising incomes have also led to an increased consumption of meat, particularly
of poultry, which has in turn increased the demand for corn as feed.
Factors Affecting Corn Prices:
The role of weather is immense in crop production. Temperature,
rainfall and soil moisture are the important parameters that determine
the crop condition. Further, natural calamities like floods, typhoon,
droughts and earthquake can also affect crops. Markets has to keep watch
of these developments. For 2010-11 season, the crop in India was of high
moisture initially due to flooding in the major corn producing areas.
The prices at that time went below sharply due to rejection of goods by
the buyers because of the high moisture. The moisture content acceptable
usually is 13-14% max.
Minimum support prices announced by the government also plays
an important role in prices of the commodity. The higher msp can encourage
farmers to grow more while farmers can shift if the msp for other crops
is higher. So MSP also affects production.
Demand for the corn in poultry and industrial uses and export
demand also plays an important role in determination of prices. Likewise,
the availability of substitute crops like jowar, bajra and feed grade
rice and wheat on lower prices can weaken the demand for maize.
Price tends to be lower as harvesting progresses and the produce starts
coming into the market. At the time of sowing and before harvesting
price tends to rise in view of tight supply situation.
Global corn production and cheaper imports also teds to affect
the prices.
Futures Paltform: Cbot is the largest platform for Corn. The world
corn prices mainly moves in conjunction with corn futures on Cbot. In
Indian market too, maize futures are traded mainly on ncdex.
|
|
|
|
|
|
|
Commodities |
|
| Latest Price Updates |
|
|
| Latest Buy leads |
| |
|
| Latest Sells Offer |
| |
| |
|
| For
Latest Agri Prices &
Trade Leads |
|
|
|
|
|