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Corn prices rise $1,000 per ton, hitting the latest high in four years, what are the main reasons?

Recently corn prices rose one thousand yuan per ton on the basis of the latest high in four years. As their own home is a small corn purchase point, so in corn this market is more information synchronization.

Some people are asking, this year's corn record high, what is its main reason?

Mid-Autumn Festival, after the National Day, our corn prices have risen sharply, and now the average price of corn reached 2,600 yuan per ton, which is a record four years to the highest peak of the corn market, last year's corn market is not optimistic, and this year, perhaps because of the shortage of corn imports and exports, but also perhaps because of the impact of epidemics, but some experts say the impact of epidemics is not the main reason, and now grain Almost reached the point of grabbing. Compared with last year's market is really a world of difference in contrast. Now the corn market has more than 1.2 yuan per catty.

According to the Ministry of Agriculture and Rural Affairs Information Center and the National Cereals and Oils Information Center, corn production in 2020-2021 will reach 265 million tons, an increase of 4 million tons from the previous year, but the forecast for domestic consumption of corn in 2020-2021 compared to 2019-2020 increased by 13 million tons to 293 million tons,with a projected corn demand gap of 28 million tons in 2020-2021.

According to Zheng Fengtian, vice dean of the School of Agriculture and Rural Development at Renmin University of China, ? Now the corn has basically matured, the collapse does not affect the yield, how to grab the corn after the rain, not to cause losses, may this still need a process, so overall, it should be the demand led to price increases a little bigger.?

The rise in corn prices caused a series of chain reaction, not only is the farmers hoarding enthusiasm began to rise, the sale of corn in the temporary storage are basically sold at a premium. Just in time for the harvest season, for farmers can really be described as good news in the news.

At the same time because of a series of chain reaction caused by the rise in corn, it is reported that corn processing of downstream products such as starch, alcohol and other prices have also risen sharply, the price of corn alcohol in September rose by more than 22% year-on-year. Corn starch prices rose from 2,220 yuan per ton earlier this year to about 2,900 yuan per ton this week, an increase of more than 30%.