The price of corn and wheat will rise significantly
Agricultural products
In the new year, prices for both corn and wheat are expected to rise. This opinion was expressed by Mikhail Tymoshchuk, director of the agricultural direction of UDG Trading.
“Most likely, the market will be influenced by the quantity and quality of the crop, in particular corn in America, quotas and a possible ban on grain exports from Russia and the overall global demand for food corn and wheat. You can also add the global geopolitical situation here, ”says Mikhail Tymoshchuk.
Commenting on the pricing forecasts in the grain market, business development manager of Maxigrain Elena Neroba noted that the situation with prices will reach a plateau. While wheat now looks quite attractive in the eyes of importers, the demand for corn is minimal.
“Nobody needs corn now, there is no demand for it. There is supply for wheat - for example, Australia is entering the market with a record harvest and Argentina is also not lagging behind. In the longer term, the balance of supply and demand and the reduction of inflation will play a key role, ”commented Elena Neroba.