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OECD/FAO predicts in a "Agricultural Outlook 2021 to 2030" report that based on the export price of US hard red winter wheat, the average wheat price in 2022 will fall from US$234.
40 per ton this year to US$215.
40 per ton
.
Corn prices based on US Gulf corn export quotations will fall from US$188.
10 per ton this year to US$172.
40 per ton next year
.
The price of US soybeans arriving in the Rotterdam region will fall from US$459.
10 per ton in 2021 to US$454.
60 per ton in 2022, and the decline will continue into 2023
.
40 per ton this year to US$215.
40 per ton
.
Corn prices based on US Gulf corn export quotations will fall from US$188.
10 per ton this year to US$172.
40 per ton next year
.
The price of US soybeans arriving in the Rotterdam region will fall from US$459.
10 per ton in 2021 to US$454.
60 per ton in 2022, and the decline will continue into 2023
.
In terms of grains, the OECD/FAO predicts that the corn price will fall in the next three years, falling to the level of US$169 per ton by 2023, and then will resume its upward trend, rising to US$199.
60/ton by 2030 due to the decline in inventories And the global feed demand is strong
.
60/ton by 2030 due to the decline in inventories And the global feed demand is strong
.
Similarly, soybean prices are expected to fall in the next few years, as production prospects improve and restrictions on trade from the new crown epidemic are gradually lifted
.
However, the nominal price of soybeans is expected to rise slightly thereafter, and the US soybean price will rise to US$494.
20 per ton by 2030
.
.
However, the nominal price of soybeans is expected to rise slightly thereafter, and the US soybean price will rise to US$494.
20 per ton by 2030
.
By 2030, the global benchmark wheat price is expected to rise to US$253 per ton, as production will reach average levels and exports and usage will increase moderately
.
.
FAO predicts that the use of crops and agricultural feeds will increase in the long term, from an average of 1.
7 million tons from 2018 to 2020 to 2 billion tons in 2030
.
Corn and protein meal will remain the most important feed products, accounting for more than 60% of total feed consumption by 2030
.
The increase in meat demand in middle-income countries will stimulate feed demand, which will more than offset the decline in high-income countries
.
In high-income countries, consumers will increasingly use poultry and dairy products instead of red meat for health and environmental considerations
.
7 million tons from 2018 to 2020 to 2 billion tons in 2030
.
Corn and protein meal will remain the most important feed products, accounting for more than 60% of total feed consumption by 2030
.
The increase in meat demand in middle-income countries will stimulate feed demand, which will more than offset the decline in high-income countries
.
In high-income countries, consumers will increasingly use poultry and dairy products instead of red meat for health and environmental considerations
.
