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Analysts expect global corn prices to come under pressure this year from surplus supply and weak demand, with ending stocks rising. CBOT March corn was at $4.45 a bushel, a three-year low.
Indian poultry and starch makers are looking to import, though duty rules limit relief.
A global surplus and low CBOT prices favor cheap feed grain for buyers, while Indian import demand is constrained by a 50% duty outside the tariff quota. The outlook is bearish for world corn prices.
thehindubusinessline.comSubramani Ra MancombuJan 23, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
