7 Reasons Why Corn Exporter is a Lucrative Business in 2024

Corn is one of the most widely grown crops in the world, and it has many uses and benefits for humans, animals, and the environment. In this article, we will explore seven reasons why corn exporter is a lucrative business in 2023, and how you can start or grow your own corn export business.

Reason 1:

Corn is a versatile crop that can be processed into various products.
Corn can be used as food, feed, fuel, or industrial material. Some of the products made from corn include corn oil, corn starch, corn syrup, ethanol, bioplastics, and more. These products have high demand in both domestic and international markets, and they offer a good profit margin for corn exporters.

Reason 2:

Corn is a resilient crop that can adapt to different climates and soils.
Corn can grow in a wide range of conditions, from tropical to temperate regions, and from sandy to clayey soils. This means that corn can be cultivated in many parts of the world, and it can withstand droughts, pests, and diseases better than other crops. This reduces the risk of crop failure and increases the yield and quality of corn.

Reason 3:

Corn is a sustainable crop that can improve soil health and biodiversity.
Corn is a member of the grass family, and it has a deep root system that helps prevent soil erosion and improve water retention. Corn also has a symbiotic relationship with nitrogen-fixing bacteria that enrich the soil with nitrogen, which is essential for plant growth. Moreover, corn can be intercropped with other plants, such as beans, squash, or clover, to create a diverse and productive ecosystem.

Reason 4:

Corn is a nutritious crop that can enhance food security and health.
Corn is rich in carbohydrates, protein, fiber, vitamins, minerals, and antioxidants. It can provide energy, satiety, and immunity for humans and animals. Corn can also be fortified with micronutrients, such as iron, zinc, or vitamin A, to address malnutrition and prevent diseases. Corn can be consumed in various forms, such as fresh, dried, ground, or popped.

Reason 5:

Corn is a renewable crop that can reduce greenhouse gas emissions and mitigate climate change.
Corn is a biofuel crop that can be converted into ethanol, which is a clean and efficient fuel for vehicles. Ethanol can reduce the dependence on fossil fuels and lower the carbon footprint of transportation. Corn can also sequester carbon dioxide from the atmosphere and store it in the soil, which helps slow down global warming.

Reason 6:

Corn is an innovative crop that can create new opportunities and markets.
Corn is a source of biotechnology and genetic engineering that can enhance its traits and performance. For example, corn can be modified to resist pests, herbicides, or droughts; to increase its yield or quality; or to produce pharmaceuticals or industrial enzymes. These innovations can create new value-added products and services for corn exporters.

Reason 7:

Corn is a profitable crop that can generate income and employment for farmers and traders.
Corn is a high-yielding crop that can produce more than 10 tons per hectare on average. This means that corn can generate more revenue per unit area than other crops. Corn also has a long shelf life and can be stored for months without losing its quality or value. Furthermore, corn can create jobs for many people involved in its production, processing, transportation, and marketing.

As you can see, corn exporter is a lucrative business in 2023 for many reasons. If you are interested in starting or growing your own corn export business, here are some tips to help you succeed:

Do your market research and identify your target customers and competitors.
Choose the best variety of corn that suits your climate, soil, and market demand.
Follow the best practices of corn cultivation and harvesting to ensure high yield and quality.
Invest in proper storage facilities and equipment to preserve your corn.
Find reliable partners and suppliers for your corn processing and packaging.
Promote your corn products online and offline using effective marketing strategies.
Comply with the regulations and standards of your local and international markets.

Corn exporter is a lucrative business in 2023 that can benefit you and the world. Start your corn export journey today!

Corn Exporter: A Growing Industry

Corn is one of the most widely cultivated crops in the world, with an estimated production of 1.2 billion metric tons in 2022/2023. It is used for various purposes, such as food, feed, fuel, and industrial products. The global demand for corn is expected to increase in the coming years, especially in developing regions like Asia and Africa. This creates opportunities for corn exporters, who can benefit from the rising prices and market share of this commodity.

The Top Corn Exporters in 2022

According to Statista, the leading exporters of corn worldwide in 2022 were:

United States: US$19.1 billion (37.2% of total corn exports)
Brazil: US$12.3 billion (23.9%)
Argentina: US$9.1 billion (17.6%)
Ukraine: US$5.9 billion (11.4%)
Romania: US$1.4 billion (2.7%)

These five countries accounted for more than 90% of the global corn exports in terms of value, and more than 80% in terms of volume. They have different advantages and challenges in the corn industry, such as climate, technology, infrastructure, trade policies, and competition.

The Trends and Challenges of Corn Exporting

The global corn market is influenced by various factors, such as weather conditions, crop yields, biofuel production, animal feed demand, trade disputes, and currency fluctuations. These factors can affect the supply and demand of corn, as well as the prices and profitability of corn exporters.

Some of the recent trends and challenges that corn exporters face are:

The impact of climate change on crop production and quality
The increasing competition from other crops, such as soybeans and wheat
The rising demand for genetically modified (GM) corn varieties, especially in China and other Asian markets
The trade barriers and tariffs imposed by some importing countries, such as China and Mexico
The transportation and logistics costs and bottlenecks that affect the efficiency and reliability of corn exports

The Future Outlook of Corn Exporting

Despite the challenges, corn exporting remains a lucrative and growing industry for many countries. According to the USDA, the global corn trade is projected to increase by 17% from 2020/2021 to 2030/2031, reaching 231 million metric tons. The main drivers of this growth are:

The expansion of corn production in South America, especially Brazil and Argentina
The recovery of corn demand in Africa and the Middle East, after the COVID-19 pandemic
The continued growth of corn consumption in Asia, especially China and India
The diversification of corn uses, such as ethanol, starch, sweeteners, and bioplastics

Corn exporters can capitalize on these opportunities by investing in research and development, improving their infrastructure and logistics, enhancing their quality and safety standards, and strengthening their trade relations with key importers.

References:

https://atlas.media.mit.edu/en/visualize/tree_map/hs92/export/show/all/1005/2016/

Corn production worldwide 2022/2023, by country
Leading exporters of corn worldwide 2022
Exports of corn worldwide 2022/23, by country
Corn Prices – Factors That Influence Them
USDA Agricultural Projections to 2030

https://www.fao.org/3/i3245e/i3245e.pdf

https://www.agmrc.org/commodities-products/grains-oilseeds/corn

https://www.sciencedirect.com/topics/agricultural-and-biological-sciences/corn