Absa AgriTrends 2023 Autumn Edition

US SRW gulf port price

Table 2.5

Price projections for global prices follow a downward trend

USD/ metric ton

% Change

2021 2022

334 275

35.2 -17.7

Forecasts

2023 2024 2025

295 268 251

7.3 -9.2 -6.3

Source: FAPRI, 2023

US corn gulf port price

USD/ metric ton

% Change

2021 2022

301 294

25.9 -2.3

Forecasts

2023 2024 2025

245 220 218

-16.7 -10.2 -0.9

Source: Absa Strategy Research, 2023

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