Corn is one of the most widely cultivated crops in the world and is a crucial ingredient in many foods, feed, and industrial products. The top producers of corn in the world are the United States, China, Brazil, Argentina, and Ukraine. In 2021, the world's total corn production was estimated to be around 1.185 billion metric tons.
The United States is the world's largest producer and exporter of corn, accounting for more than a third of global production. It also has a significant share of the corn market, with domestic consumption and exports making up a significant portion of the market. The second-largest producer of corn in China, with a production of around 260 million metric tons, followed by Brazil with 118 million metric tons.
In terms of corn imports, the largest importers in the world are China, Japan, South Korea, and Mexico. China is the world's largest importer of corn, primarily due to the country's increasing demand for animal feed. Japan, South Korea, and Mexico are also major importers, primarily due to their high demand for corn-based food products.
On the other hand, the top corn exporters in the world are the United States, Brazil, Argentina, and Ukraine. The United States remains the top corn exporter in the world, followed by Brazil and Argentina. Ukraine, although producing less corn than the other three countries, is still a significant exporter due to its favorable export policies.
Overall, the corn market is heavily influenced by several factors, including weather conditions, government policies, and changing consumer preferences. The demand for corn is expected to continue to grow in the coming years, particularly in developing countries where rising incomes and changing dietary habits are driving demand for animal feed and corn-based food products.
Here are the current corn prices per kilo and ton in different continents and countries
North America
United States: The current corn price per ton is around $260-$280, and the price per kilo is approximately $0.13-$0.14.
Canada: The current corn price per ton is around $240-$260, and the price per kilo is approximately $0.12-$0.13.
South America
Brazil: The current corn price per ton is around $220-$240, and the price per kilo is approximately $0.11-$0.12.
Argentina: The current corn price per ton is around $230-$250, and the price per kilo is approximately $0.11-$0.12.
Europe
France: The current corn price per ton is around $220-$240, and the price per kilo is approximately $0.11-$0.12.
Ukraine: The current corn price per ton is around $190-$210, and the price per kilo is approximately $0.09-$0.10.
Asia
China: The current corn price per ton is around $230-$250, and the price per kilo is approximately $0.11-$0.12.
India: The current corn price per ton is around $200-$220, and the price per kilo is approximately $0.10-$0.11.
Africa
South Africa: The current corn price per ton is around $230-$250, and the price per kilo is approximately $0.11-$0.12.
Nigeria: The current corn price per ton is around $240-$260, and the price per kilo is approximately $0.12-$0.13.
Oceania
Australia: The current corn price per ton is around $250-$270, and the price per kilo is approximately $0.12-$0.13.
New Zealand: The current corn price per ton is around $240-$260, and the price per kilo is approximately $0.12-$0.13.
It's important to note that corn prices can vary widely depending on factors such as supply and demand, weather conditions, government policies, and transportation costs. Additionally, these prices are subject to change daily, so it's important to check for the most up-to-date information before making any decisions.