The price of corn is on a semi-annual peak

The price of corn increased to a six-month peak on Friday, after due to the Russian-Ukrainian conflict the demand for exported U.S. corn has significantly increased – Bloomberg writes.

A sharp increase occurred in demand towards U.S. corn exports. The export of corn, with a delivery deadline of 31 August rose by 81 percent in the week ending by 27 February – according to the datas of the U.S. Department of Agriculture (USDA). The experts justify the growth in demand for U.S. corn with the Russian-Ukrainian tension. (agrarszektor.hu)