SunSirs: China Corn Prices Fluctuated slightly Last Week
December 21 2022 10:15:18 SunSirs (Selena)
According to the monitoring of SunSirs, the domestic corn price fluctuated weakly last week. The average price of the third grade yellow corn at the beginning of the week was 2,850.00 RMB/ton, and the average price at the weekend was 2,848.57 RMB/ton, down 0.05% during the week.
In the middle of December, the market volume of corn in the production area gradually recovered after the recovery of transportation capacity, and the arrival volume of corn in ports and deep processing enterprises continued to increase. After the manufacturer completed inventory replenishment, the purchase price of corn was slightly lowered. In addition, the cost of imported corn arriving at Hong Kong showed a downward trend, and the domestic corn market price was stable, strong, and relatively strong.
Last week, the domestic egg price was on the high side, falling 3.67% within the week, the pig price remained weak, falling 7.08% within the week, and the breeding market continued to fall. In a word, the breeding profit space continued to shrink, and the enthusiasm of farmers to supplement the stock market declined. The overall demand for corn feed in the future will be strong.
SunSirs corn products analyst believes that: the cost of imported corn continues to decline, the market volume of corn in the production area gradually rebounds, the market of the breeding industry continues to decline, and the wait-and-see attitude of downstream trade entities increases. In the short term, the domestic corn market price will continue to be under pressure and weak adjustment.
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