Global corn production seen rising 11% over next five years

In North Carolina, Beroe says global corn production has risen by approximately 11 percent over five years as a response to the rise in corn demand by roughly 14 percent during the same period. The end-user industries, including corn starch and animal feed, are the main forces behind supply and demand, impacting price trends.

The key factors driving the growth also include demand from the end-use segments, such as the citric acid market and feed industry in China, Canada switching to green fuels, and increased domestic utilizations in most countries, amid the pandemic. Unfavorable weather conditions in key growing destinations and the loss of Ukrainian grain exports also impacted the global corn market this year.