Maize prices record their sharpest decline in 40 months during October!

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November, 2026…

The price of maize per bushel fell by 10.6 percent in October, the steepest monthly drop since June 2023, driven by an increase in the U.S. harvest and easing supply concerns in the Black Sea region.

ISTANBUL…

Geopolitical developments, climatic factors and supply-related issues continue to be the primary drivers of maize prices. After losing 2.7 percent of its value in January, the price of maize per bushel followed a volatile upward trend in the subsequent months.

Driven by rising oil prices, concerns regarding fertilizer supply and apprehensions surrounding the El Niño weather phenomenon, the price of maize per bushel climbed to 5.4975 dollars in September, reaching a three-year high. Unable to sustain these levels, the price fell by 6.9 percent in September and by 10.6 percent in October. Consequently, maize prices per bushel experienced its sharpest monthly decline since June 2023…