Corn is also called maize in several countries. It is a vegetable with starch in it and comes as kernels on a cob, which is covered by a husk. It is one of the most widespread and consumed vegetables around the world, however it, at times, doesn’t get favorable reviews as it has a high level of natural sugar and carbohydrates. Despite that, there are several health advantages in corn making it a versatile vegetable. Ground dried corn flour is used as a cornmeal to make tortillas, chips, and crackers. There are four types of corn – sweet corn, flint or Indian corn, dent corn, and popcorn. Corn contains a high level of vitamin C, an antioxidant which supports in protecting human cells from getting damaged and averts diseases such as cancer and heart disease.
The top producer of corn globally is the United States and is followed by China, Brazil, Iowa, Argentina, and Ukraine.
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Key Details About the Corn Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Corn price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The corn price trends, including India Corn price, USA Corn price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Corn Price Trend:
There are several uses of corn which range from acting as an important component in animal feed to manufacturing of sustainable fuels. More than half of the corn produced is used in making animal feed and ethanol, while other uses of this product comprise of producing sweeteners, starch, oil, cereals, and various alcoholic drinks, such as whiskey. Such a high demand from various end-user industries is impacting the corn price trend globally.
Key Players:
- DuPont de Nemours, Inc
- The Archer Daniels Midland Company
- KWS SAAT SE & Co. KGaA
- Limagrain UK Ltd
- Cargill Incorporated
- Bunge Milling, Inc.
News and Recent Developments:
- October 2022 – A futuristic maize processing factory at Nsuta-Kwagye was inaugurated by Ghana’s President, Nana Addo Dankwa Akufo-Addo, as a segment of the “One District, One Factory” programme. This plant is furnished with pioneering processing tools and equipment, like maize drying plant, a grit milling equipment, among others.
Read Also: https://cityoftips.com/2023/05/08/corn-syrup-price-history/
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