Domestic: The government intends to support the moderate increase of food prices first, which depends on the relationship between supply and demand.
International corn supply is tight. Is the dust settled? We know that Ukraine is one of the major corn producers, but this year, due to the situation, the corn planting situation in Ukraine has been affected to some extent.
Obviously, the supply of corn in the United States will decrease this year.
Coincidentally, on April 18, the price of corn futures in the Chicago market approached an all-time high, breaking through $8/bushel, (1 bushel corn =56 lbs =25.40 1 kg, calculated at the exchange rate of 1 =6.4 yuan RMB, which is exactly/kloc.
(Although the corn price of 1 yuan/kg is already very low compared with China, the United States is a big corn producer with high output and low input cost, so the price is much lower than that of China. Compared with the beginning of the year, the corn futures price in Chicago market has increased by 30%.
The performance of futures also indicates that corn prices have more room to rise in the second half of the year.
Although most corn in China is self-sufficient and only a small amount is imported, international favorable factors will also play a supporting role in domestic corn prices.
Moreover, China's corn consumption-pig breeding is expected to exceed 700 million yuan this year, and the market demand for corn still exists.
Therefore, no matter from the analysis of international or domestic factors, China's corn price still has room to rise this year and will remain high throughout the year!