Recently, the prices of corn and soybeans in the global market have surged rapidly, surprising many investors and businesses in the agricultural sector. According to data from commodity exchanges, corn prices have risen by more than 15% in the past week, while soybean prices have increased by nearly 20%. This is the highest growth since the beginning of 2025.
Reasons for Price Increase
Several experts suggest that the main reasons behind the sharp rise in corn and soybean prices include:
Severe Drought in Major Production Areas
Drought conditions in key production regions such as Brazil and Argentina have significantly reduced yields.Increased Import Demand from Developing Countries
Growing demand, particularly from China, has outpaced supply, causing prices to spike.Geopolitical Instability
Complex geopolitical situations in regions like the Black Sea and the Middle East have disrupted global agricultural supply chains.
The surge in corn and soybean prices has put pressure on many importing countries, especially low-income nations. In Vietnam, for instance, prices of food items containing grains such as bread, instant noodles, and animal feed have started to rise. However, farmers benefit from higher export prices, seeing increased income from their crops.
Economists predict that corn and soybean prices will continue to fluctuate in the coming months, influenced by weather conditions and supply-demand dynamics. However, timely measures to stabilize the market will be necessary to mitigate the negative effects on the economy and consumers.
