At present, there are fewer and fewer farmers with corn in rural areas, and corn is concentrated in the hands of traders, who hoard a lot of food, which also plays a decisive role in the price of corn. Like some corn demand enterprises, feed processing industry, corn deep processing units, aquaculture and so on, they urgently need corn reserves.
When corn supply is insufficient, it is difficult to meet their demand, so we have to raise the price to buy it, which will stimulate the price of corn, but it also shows that economic development is improving.
Secondly, corn futures are rising, and international food prices are also rising, which is affected by the corn market environment. This will also affect the price of imported corn, so it is reasonable to say that the current price increase of corn is also reasonable. The rise in corn prices may also be that hot money has entered speculation, further promoting the originally rising corn market.
How to stabilize corn prices?
This depends on market changes. Before the new corn goes on the market, it depends on whether other food crops such as wheat will go on the market in large quantities and whether the imported corn will increase in large quantities.