How much is corn per jin in 2019, and what is the price trend?
Corn is China's second-largest grain crop, and it is grown in more than twenty provinces, municipalities and autonomous regions across the country. China is not only a major corn-growing country, but also the world's largest corn consumer. Although corn holds a very prominent position among China's crops, its price is actually not high. Here, let's take a look at the price of corn and its rise-and-fall trend in 2019.
1. The price of corn
September has arrived, which is the season for selling corn. At present, the corn purchase price is around 0.93 yuan per jin, and better-quality corn, if hauled to a feed mill, can sell for 0.95 yuan per jin. Corn prices vary from region to region, and good-quality corn may fetch a somewhat higher price. In recent years, corn prices have not been particularly ideal at times and have generally followed a downward trend. In particular, because of the impact of African swine fever this year, corn's role as feed has shrunk, which has further led to a drop in corn prices. For growers who still hold a certain amount of stock, it is still advisable to sell sooner rather than later.
2. The uses of corn
In China, corn's main use is as animal feed, and the vast majority of corn in our country is consumed as feed. Although the State Council has already issued multiple policies to encourage pig farming, it will take at least more than 10 months from expanding the herd to getting pigs to market before the tight supply of pigs eases. Therefore, at least until next year, corn prices will not rise by any large margin, but it can be predicted that demand for corn will enter its peak demand period in June.
In addition, sales at deep-processing enterprises are slow, and they still hold large inventories of corn. Since this year's auction of state-reserved corn, transaction volumes have remained sluggish for a time. Traders are unwilling to participate in the auctions, and deep-processing enterprises are unwilling to build inventories. Under the influence of selling on declines rather than on rises, the twice-weekly auctions have undoubtedly put considerable pressure on the market at this stage. For farmer friends, growing corn is still a relatively loss-making undertaking.
The above is some analysis and prediction regarding this year's corn prices. Friends who grow corn on a large scale need not be discouraged either; the prices of agricultural products always rise and fall unpredictably. If you are not in a hurry to sell, you can also store the corn first and sell it next year when prices are high.