China emerged as the #1 global importer of corn in the last 2 years & its efforts to diversify sources after the war in Ukraine are expected to be beneficial for South American countries. On the other hand, demand in South-East Asia seems to be struggling due to inflation & African Swine Fever, yet a better-than-expected recovery there could add extra demand on top of China!
Have a look at the evolution of main exporters in our 20’’ video!