Corn prices in Japan

Introduction: according to the report of Japan economic news on December 6, Japan is one of the largest corn importers in the world It is not only used to process livestock feed to meet the demand of large-scale meat market consumption, but also widely used in the food processing industry such as starch manufacturing Recently in the Japanese market, in addition to corn produced in the United States, the price of corn imported from Brazil and other places is further rising This is because Japan's concern about the possibility of mixing the genetically modified varieties of American corn that have not yet been recognized by Japan in terms of food safety makes users reluctant to use American corn, and the corn demand that must be needed has to be shifted to corn from other places of origin, which is becoming more and more obvious In addition, Japan's domestic corn inventory is being digested day by day, and the new bulk corn purchase is not as good as people would like The supply and demand of corn in the Japanese market since November has shown a certain degree of tension Japan's representative corn demand important users include "Prince starch" and "Showa industry" In this way, some food processing manufacturers, taking into account the reputation of their relevant products, have tried to avoid corn produced in the United States since a long time ago, but decisively imported corn from Brazil, South Africa and other countries The raw material base of the products is established in Brazil and South Africa Rice Moreover, not only in the past, but also in the early 2002 corn shipment part, a large number of purchases have been started The new Brazilian corn export contract price to Japan (FOB) is now set at US $140 per ton, while the South African corn export contract price to Japan (same delivery terms) is about US $162 per ton The price of corn exported by the two countries to Japan has risen nearly 8% compared with the price level in October Due to the influence of the genetically modified corn "Starlink", the price of corn exported by the United States to Japan (ship delivery) remains at the level of 119 US dollars per ton, only 3% higher than the price level in October, which is obviously not the same as that of Brazil and South Africa The biggest reason for the rise in the price of all corn exports to Japan, except for American corn, is that the major corn producing countries are in a period of green and yellow That is to say, the local corn stocks are gradually reduced to the bottom area in varying degrees, and it will take at least three or four months for them to get new inventory replenishment Brazil was originally an import country of corn The corn harvested in this spring increased significantly compared with the products in 2000 After that, Brazil began to export corn to Europe and Japan But up to now, Brazil's corn inventory digestion is still in progress, and the corn production situation of next spring is estimated to reduce the harvest, the supply and demand has started to be tense, and the market price of corn has certainly increased Japan's demand for corn is stable and long-term, and a certain amount of supply must be guaranteed Therefore, relevant people in the Japanese market estimate that if the adjustment of corn import in other countries and regions in the international market becomes difficult and there is not enough supply guarantee, then Japan is likely to turn around to buy American corn again, because the American corn planted in the new year also has varieties that are not genetically modified corn "Starlink" (author:) share to feed Weibo share to: