Price for Cereals; Maize (Corn), Seed in India - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in India (FOB) - 2023
- Price for Cereals; Maize (Corn), Seed in India (CIF) - 2022
- Exports of Cereals; Maize (Corn), Seed in India
- Imports of Cereals; Maize (Corn), Seed in India
Price for Cereals; Maize (Corn), Seed in India (FOB) - 2023
In July 2023, the average cereals; maize (corn), seed export price amounted to $2,049 per ton, with an increase of 25% against the previous month. Overall, the export price posted a perceptible increase. The pace of growth was the most pronounced in January 2023 an increase of 162% m-o-m. The export price peaked at $2,733 per ton in August 2022; however, from September 2022 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Bangladesh ($2,823 per ton), while the average price for exports to Ecuador ($1,714 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in India (CIF) - 2022
In 2022, the average cereals; maize (corn), seed import price amounted to $11,069 per ton, remaining constant against the previous year. In general, the import price, however, saw significant growth. The growth pace was the most rapid in 2014 an increase of 766%. The import price peaked at $11,195 per ton in 2021, and then declined slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($19,175 per ton), while the price for Myanmar amounted to $10,882 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+137.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cereals; Maize (Corn), Seed in India
For the fourth year in a row, India recorded growth in shipments abroad of cereals; maize (corn), seeds, which increased by 5% to 70K tons in 2022. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 89% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, cereals; maize (corn), seed exports skyrocketed to $65M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 46%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Cereals; Maize (Corn), Seed in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 11.6 | 11.9 | 22.2 | 27.4 | 33.2% |
| Myanmar | 17.8 | 14.5 | 17.3 | 21.3 | 6.2% |
| Nepal | 3.2 | 6.4 | 7.4 | 9.1 | 41.7% |
| Thailand | 1.5 | 2.3 | 3.3 | 4.1 | 39.8% |
| Pakistan | 7.1 | N/A | N/A | N/A | 0% |
| Others | 1.7 | 1.4 | 2.8 | 2.8 | 18.1% |
| Total | 42.9 | 36.4 | 53.1 | 64.7 | 14.7% |
Top Export Markets for Cereals; Maize (Corn), Seed from India in 2022:
- Bangladesh (41.7K tons)
- Nepal (16.6K tons)
- Myanmar (7.1K tons)
- Thailand (2.2K tons)
Imports of Cereals; Maize (Corn), Seed in India
Cereals; maize (corn), seed imports into India soared to 84 tons in 2022, rising by 29% compared with the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern.
In value terms, cereals; maize (corn), seed imports soared to $935K in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 94%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Cereals; Maize (Corn), Seed in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 430 | 374 | 309 | 898 | 27.8% |
| United States | 14.1 | 3.2 | 421 | 36.5 | 37.3% |
| Others | 0.2 | 0.3 | 4.8 | 0.4 | 26.0% |
| Total | 444 | 378 | 735 | 935 | 28.2% |
Top Suppliers of Cereals; Maize (Corn), Seed to India in 2022:
- Myanmar (82.5 tons)
- United States (1.9 tons)
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