Price for Cereals; Maize (Corn), Other than Seed in India - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in India (FOB) - 2023
- Price for Cereals; Maize (Corn), Other than Seed in India (CIF) - 2023
- Exports of Cereals; Maize (Corn), Other than Seed in India
- Imports of Cereals; Maize (Corn), Other than Seed in India
Price for Cereals; Maize (Corn), Other than Seed in India (FOB) - 2023
In July 2023, the average export price for cereals; maize (corn), other than seeds amounted to $266 per ton, leveling off at the previous month. Overall, the export price, however, continues to indicate a slight decline. The export price peaked at $308 per ton in November 2022; however, from December 2022 to July 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In July 2023, the highest price was recorded for prices to Sri Lanka ($346 per ton) and Malaysia ($279 per ton), while the average price for exports to Bangladesh ($235 per ton) and Nepal ($248 per ton) were amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+1.2%), while the prices for the other major destinations experienced a decline.
Price for Cereals; Maize (Corn), Other than Seed in India (CIF) - 2023
In July 2023, the average import price for cereals; maize (corn), other than seeds amounted to $649 per ton, increasing by 26% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average import price increased by 643% month-to-month. As a result, import price reached the peak level of $4,626 per ton. From April 2023 to July 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for South Africa.
From November 2022 to July 2023, the rate of growth in terms of prices for Brazil amounted to 0.0% per month.
Exports of Cereals; Maize (Corn), Other than Seed in India
After three years of growth, shipments abroad of cereals; maize (corn), other than seeds decreased by -2.6% to 3.5M tons in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 388%.
In value terms, exports of cereals; maize (corn), other than seeds surged to $1.1B in 2022. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 250%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Cereals; Maize (Corn), Other than Seed in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | N/A | 224 | 326 | 555 | 57.4% |
| Vietnam | 0.7 | 8.4 | 313 | 233 | 593.0% |
| Nepal | 86.5 | 107 | 127 | 122 | 12.1% |
| Malaysia | 0.1 | 1.8 | 68.1 | 66.4 | 772.4% |
| Sri Lanka | 0.3 | N/A | 4.4 | 46.4 | 436.8% |
| Others | 13.4 | 12.4 | 44.5 | 43.3 | 47.8% |
| Total | 101 | 353 | 883 | 1,067 | 119.4% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from India in 2022:
- Bangladesh (1768.3K tons)
- Vietnam (783.2K tons)
- Nepal (414.7K tons)
- Malaysia (223.7K tons)
- Sri Lanka (138.0K tons)
Imports of Cereals; Maize (Corn), Other than Seed in India
For the third year in a row, India recorded decline in supplies from abroad of cereals; maize (corn), other than seeds, which decreased by -29% to 17K tons in 2022. In general, imports saw a dramatic setback. The smallest decline of -25.8% was in 2020.
In value terms, imports of cereals; maize (corn), other than seeds contracted notably to $11M in 2022. Overall, imports continue to indicate a sharp descent. The smallest decline of -15.4% was in 2020.
| Import of Cereals; Maize (Corn), Other than Seed in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 5.7 | 9.4 | 8.4 | 7.8 | 11.0% |
| Argentina | 2.3 | 6.2 | 2.3 | 1.8 | -7.8% |
| Brazil | 4.2 | 7.9 | 0.6 | 0.7 | -45.0% |
| Turkey | N/A | N/A | N/A | 0.3 | 0% |
| Switzerland | N/A | 4.4 | N/A | N/A | 0% |
| United States | 2.2 | 1.4 | 2.1 | N/A | -2.3% |
| Singapore | 0.3 | 25.4 | N/A | N/A | 8366.7% |
| Myanmar | 0.5 | 9.6 | N/A | N/A | 1820.0% |
| Ukraine | 60.5 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.1 | 0.1 | N/A | -42.3% |
| Total | 76.0 | 64.3 | 13.5 | 10.6 | -48.1% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to India in 2022:
- South Africa (12.8K tons)
- Argentina (2.8K tons)
- Brazil (1.1K tons)
- Turkey (0.6K tons)
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This report provides an in-depth analysis of the maize market in India.
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This report provides an in-depth analysis of the grain market in India.
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This report provides an in-depth analysis of the global maize market.
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This report provides an in-depth analysis of the global grain market.
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This report provides an in-depth analysis of the maize market in India.
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This report provides an in-depth analysis of the global maize market.
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In November 2022, the rate of growth for Maize was outstanding, reaching an impressive 236% increase compared to the previous month. However, by July 2023, the value of maize exports experienced a significant decline, plummeting to just $59M.
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The global maize market contracted to $404.6B in 2021, declining by -6.1% against the previous year.
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The global maize market is expected to reach a production volume of more than 1.2 billion metric tons by the end of 2025.
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In 2022, corn prices are projected to drop by approximately 10% y/y due to an expected all-time record high global production, which is to reach 1.2B tons. This forecast is subject to a number of risks, such as volatile fertilizer and energy prices, high freight rates, biofuel policies and weather conditions.
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Driven by rising demand from the food industry and favourable weather, global corn production increased significantly in 2020. The rise in prices made the raw corn-based production of bioethanol unprofitable amid the low cost of traditional fuels due to the pandemic, resulting in the closure of some distilleries. In the future, the growing demand for alternative fuels is expected to offset this shift and promote the corn market.
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Global Maize Market: In 2017, the global maize market amounted to X tons, posting solid average +X% gains over the last decade. Since 2013, consumption growth has accelerated, against rising demand and a long
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The U.S. was the key world maize producing country with an output of about X tons in 2016, which accounted for X% of total global output. The other major producers were China (X%), Brazil (X%) and Ukraine (X>
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Global maize consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
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In 2015, the countries with the highest levels of maize production were the United States (X thousand tons), China (X thousand tons), Brazil (X thousand tons), together accounting for X% of total output.
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Designed to bring an unforgettable experience for children and adults alike, the Amaizing-Acres corn maze is certainly a place to visit this fall, a unique opportunity to enjoy a family get away surrounded by nature.
