World: Corn export forecast is 163.000.000 t

According to the forecast for the current MY, export deliveries of corn in the world will amount to 163.000.000 t.

Such information was taken from the USDA report for September.

In addition, it is also said in the report that this forecast exceeds the forecast for the same period of the previous year by 15.840.000 t.

It should be added that the forecast for corn production in the world is 1.068.000.000 t, which is 34.000.000 t less than the forecast for the previous year.

It should be noted that in Ukraine the production of this crop is projected at the same level, namely at the level of 31.000.0000 t, and the volume of export supplies is projected at the level of 25.000.000 t.

It should be recalled that in Ukraine nearly 12.000.000 t of corn were harvested, and the harvesting area was 1.900.000 ha.

The forecast for the export of corn in the world market is 163 million tons for the next year. At the same time, demand for corn continues to grow and farmers are increasing their productivity to meet the demand. However, the corn market remains volatile and may be subject to external factors such as changes in weather conditions or changes in tariff barriers.

The volume of corn exports can also be affected by the political situation in different regions, as well as the exchange rate. For example, a stronger dollar could reduce the competitiveness of US corn exports and boost exports from other countries.

In addition, the projected increase in corn exports may lead to lower prices in the world market. This may be beneficial for consumers, but for manufacturers it may mean reduced profits.

In general, the forecast for the export of corn in the world market for the next year is definitely positive. However, it is necessary to take into account various factors that can affect export volumes and prices.