The Top 10 Countries Dominating Global Corn Trade
Corn, also known as maize, is one of the most widely produced and traded crops in the world. It is a staple food for many countries and is also used as feed for livestock and as a raw material in various industries. The global corn trade is dominated by a few key players who account for the majority of the market share. In this report, we will explore the top 10 countries that are leading the way in the global corn trade.
1. United States
The United States is the largest producer and exporter of corn in the world. With its vast agricultural land and advanced farming techniques, the US is able to produce a significant amount of corn each year. In 2020, the US exported over 60 million metric tons of corn, making it the top player in the global corn trade. Major companies in the US corn industry include Cargill, Archer Daniels Midland, and Bunge.
2. Brazil
Brazil is the second-largest exporter of corn in the world. The country’s tropical climate and large agricultural sector make it a major player in the global corn market. In 2020, Brazil exported over 34 million metric tons of corn. Companies like BRF and JBS are key players in the Brazilian corn industry.
3. Argentina
Argentina is another major player in the global corn trade. The country is known for its fertile land and favorable climate for corn production. In 2020, Argentina exported over 29 million metric tons of corn. Companies like Molinos Rio de la Plata and Cresud are prominent players in the Argentine corn industry.
4. Ukraine
Ukraine is a key player in the global corn trade, thanks to its vast agricultural land and favorable climate for corn production. In 2020, Ukraine exported over 23 million metric tons of corn. Companies like Kernel and MHP are leading players in the Ukrainian corn industry.
5. China
China is one of the largest consumers of corn in the world, but it also plays a significant role in the global corn trade as an importer and exporter. In 2020, China exported over 17 million metric tons of corn. Major companies in the Chinese corn industry include COFCO and Sinograin.
6. Russia
Russia has been increasing its presence in the global corn trade in recent years. In 2020, Russia exported over 13 million metric tons of corn. Companies like Rusagro and Miratorg are key players in the Russian corn industry.
7. Canada
Canada is another major player in the global corn trade, thanks to its large agricultural sector and advanced farming techniques. In 2020, Canada exported over 10 million metric tons of corn. Companies like Richardson International and Viterra are prominent players in the Canadian corn industry.
8. South Africa
South Africa is a key player in the global corn trade, thanks to its fertile land and advanced farming techniques. In 2020, South Africa exported over 9 million metric tons of corn. Companies like AFGRI and Senwes are leading players in the South African corn industry.
9. France
France is a major player in the global corn trade, thanks to its large agricultural sector and high-quality corn production. In 2020, France exported over 8 million metric tons of corn. Companies like Limagrain and Maïsadour are key players in the French corn industry.
10. Romania
Romania is a significant player in the global corn trade, thanks to its fertile land and favorable climate for corn production. In 2020, Romania exported over 7 million metric tons of corn. Companies like Cerealcom and Agricost are prominent players in the Romanian corn industry.
In conclusion, these top 10 countries dominate the global corn trade, accounting for a significant portion of the market share. With their vast agricultural land, advanced farming techniques, and strong industry players, they play a crucial role in meeting the world’s demand for corn. As the global population continues to grow, the importance of these countries in the corn trade is likely to increase in the coming years.