# Global corn market will likely come under pressure on surplus output, weak demand - The HinduBusinessLine

> 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.

- Date: 2024-01-23 · published 2024-01-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/32181-global-corn-market-will-likely-come-under-pressure-on-surplus-output-weak
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

- CORN: bearish ▼

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/agri-business/global-corn-market-will-likely-come-under-pressure-on-surplus-output-weak-demand/article67768672.ece

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.