Price for Cereals; Maize (Corn), Other than Seed in Paraguay - 2024
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Paraguay (FOB) - 2024
- Price for Cereals; Maize (Corn), Other than Seed in Paraguay (CIF) - 2024
- Exports of Cereals; Maize (Corn), Other than Seed in Paraguay
- Imports of Cereals; Maize (Corn), Other than Seed in Paraguay
Price for Cereals; Maize (Corn), Other than Seed in Paraguay (FOB) - 2024
The average export price for cereals; maize (corn), other than seeds stood at $192 per ton in August 2023, reducing by -2% against the previous month. In general, the export price showed a noticeable curtailment. The most prominent rate of growth was recorded in April 2023 an increase of 16% m-o-m. As a result, the export price attained the peak level of $276 per ton. From May 2023 to August 2023, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In August 2023, the highest price was recorded for prices to Peru ($203 per ton) and Brazil ($201 per ton), while the average price for exports to Uruguay ($175 per ton) and Chile ($181 per ton) were amongst the lowest.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+0.4%), while the prices for the other major destinations experienced a decline.
Price for Cereals; Maize (Corn), Other than Seed in Paraguay (CIF) - 2024
In August 2023, the average import price for cereals; maize (corn), other than seeds amounted to $792 per ton, dropping by -2.5% against the previous month. Overall, import price indicated buoyant growth from January 2023 to August 2023: its price increased at an average monthly rate of +7.9% over the last seven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, import price for cereals; maize (corn), other than seeds increased by +58.4% against April 2023 indices. The most prominent rate of growth was recorded in May 2023 an increase of 51% against the previous month. Over the period under review, average import prices attained the peak figure at $812 per ton in July 2023, and then declined slightly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($984 per ton), while the price for Argentina totaled $538 per ton.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was attained by Argentina (+3.1%).
Exports of Cereals; Maize (Corn), Other than Seed in Paraguay
In 2022, overseas shipments of cereals; maize (corn), other than seeds increased by 141% to 4.6M tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cereals; maize (corn), other than seeds surged to $1.1B in 2022. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Maize (Corn), Other than Seed in Paraguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 183 | 187 | 365 | 527 | 42.3% |
| Chile | 32.0 | 49.3 | 21.3 | 225 | 91.6% |
| South Korea | 82.7 | 22.1 | 17.5 | 84.3 | 0.6% |
| Peru | N/A | 1.1 | N/A | 56.3 | 615.4% |
| Saudi Arabia | 34.2 | 20.7 | N/A | 48.4 | 12.3% |
| Uruguay | 28.2 | 16.5 | 2.5 | 37.4 | 9.9% |
| Israel | N/A | N/A | N/A | 21.0 | 0% |
| Algeria | N/A | 6.0 | N/A | 20.4 | 84.4% |
| Others | 39.5 | 19.3 | 2.5 | 69.1 | 20.5% |
| Total | 400 | 322 | 409 | 1,089 | 39.6% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Paraguay in 2022:
- Brazil (2331.4K tons)
- Chile (899.3K tons)
- South Korea (334.5K tons)
- Peru (235.9K tons)
- Saudi Arabia (183.1K tons)
- Uruguay (173.6K tons)
- Israel (83.3K tons)
- Algeria (81.1K tons)
Imports of Cereals; Maize (Corn), Other than Seed in Paraguay
In 2022, purchases abroad of cereals; maize (corn), other than seeds decreased by -83.7% to 6.3K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 2,208%. As a result, imports attained the peak of 38K tons, and then dropped dramatically in the following year.
In value terms, imports of cereals; maize (corn), other than seeds declined notably to $2.1M in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,402% against the previous year. As a result, imports attained the peak of $13M, and then reduced markedly in the following year.
| Import of Cereals; Maize (Corn), Other than Seed in Paraguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 0.1 | 0.1 | 9.9 | 1.4 | 141.0% |
| Brazil | 0.6 | 0.7 | 0.5 | 0.7 | 5.3% |
| Bolivia | N/A | N/A | 2.5 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.7 | 0.9 | 12.9 | 2.1 | 44.2% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Paraguay in 2022:
- Argentina (4.4K tons)
- Brazil (1.9K tons)
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