The output of autumn grain accounts for 3/4 of the annual grain output, and corn is the bulk of autumn grain, and the market and price have always been the focus of attention from all walks of life. On September 30, the National Grain and Oil Information Center held an analysis meeting on the production and marketing situation of corn in the new season, and the participating experts spoke freely from the production, trade, and consumption of corn to analyze and judge the price trend. The reporter learned from the meeting that in late September, the new season corn in the Huanghuaihai area of North China was gradually listed, and the purchase price was low due to factors such as the superposition of bumper harvests at home and abroad and the high pressure of seasonal listing. Experts believe that the domestic macro economy will continue to improve in the later period, the confidence of market players will continue to recover, and the demand for corn will also increase, and there will be many positive factors, and the price is expected to stabilize.
At the meeting, most experts had more optimistic expectations for the corn market in the later period. Chen Qin, chief analyst of corn at the National Grain and Oil Information Center, believes that there are four positive factors in the later period. The first factor is that the CPC Central Committee and the State Council attach great importance to national food security, stressing the need to earnestly grasp grain and agricultural production and care about increasing peasants' incomes. Experts also said that there are still many means available in the current regulatory policy toolbox, such as last year's autumn grain and this year's summer grain purchase, the relevant departments timely introduced a series of regulatory measures such as storage and storage, to promote the price to stabilize and rise. The second factor is that domestic feed demand for maize is expected to increase slightly in the new season. The production capacity of fertile sows is stable, and the slaughter of meat and poultry increases. The third factor is that the domestic corn deep processing capacity to be put into production this year and next year will continue to grow, and the demand for corn will still increase steadily. The fourth factor is that imports of maize and alternative cereals have begun to show a clear downward trend. Customs data shows that since the second half of the year, the mainland's corn imports have been declining month by month. Corn imports in August 2024 were 430,000 tons, down 60.6% month-on-month and 64.1% year-on-year. Imports of barley and sorghum from the mainland are also expected to decline significantly.
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Source: National Grain and Oil Information Center
Editors of this issue: Wang Meihong, Wei Rong
Review in this issue: Zhai Yiting
Producer of this issue: Jiang Shanjun
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