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India's corn exports have nearly stopped since December because local prices rallied on strong poultry and ethanol demand. Exporters say Indian shipments are now more expensive than those from rivals.
The rally followed a hike in the procurement price for corn-based ethanol.
Lost Indian export volume removes a modest supply source from world corn markets, which is mildly supportive, but the effect is small against a global surplus. Domestic Indian demand is absorbing supply that would otherwise be exported.
reuters.comRajendra Jadhav18 Jan 2024Setelah 729 peristiwa perdagangan bullish sebelumnya, Jagung bergerak median +0,4% selama 5 sesi (56% lebih tinggi; separuh tengah -1,1% sampai +1,8%), dan +0,5% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
