Maize (/meɪz/MAYZ; Zea mays subsp. mays, from Spanish: maíz after Taino: mahiz), also known as corn (North American and Australian English), is a cereal grain first domesticated by indigenous peoples in southern Mexico about 10,000 years ago. The leafy stalk of the plant produces pollen inflorescences (or “tassels”) and separate ovuliferous inflorescences called ears that when fertilized yield kernels or seeds, which are fruits. The term maize is preferred in formal, scientific, and international usage as a common name because it refers specifically to this one grain, unlike corn, which has a complex variety of meanings that vary by context and geographic region.
Export market prices for Botswana maize
The prices of maize have increased. Prior to 2019, 1 kg of maize was going for US$0.56 in 2017 and US$0.66 in 2018. In 2019 the export price changed to $0.25 per kilo, by -62.857%.
High return markets in 2019 for Botswana maize per kilo were fetched from exports to DRC Congo, Zambia, Swaziland (Eswatini), Namibia, and Zimbabwe. The Botswana maize exports are classified as:
- Hulled, pearled, sliced, kibbled, or otherwise worked maize grains (excluding rolled, flaked, pellets, and flour) (HS code 110423)
- Maize (excluding seed for sowing) (HS code 100590)
- Maize seed for sowing (HS code 100510)
The total values in export for maize in Botswana were US$ 5,296, US$ 2,944, US$ 9,936, and US$ 3,600 in the US dollar thousand for the years 2016, 2017, 2018, and 2019 in that order.
The prices of maize in Botswana per tonne for the years 2016, 2017, 2018, and 2019 were US$ 1,646.77, US$ 559.27, US$ 662.05, and US$ 245.90 in that order.
Botswana maize wholesale price
In 2022, the approximate price range for Botswana Maize is between US$ 0.25 and US$ 0.66 per kilogram or between US$ 0.11 and US$ 0.3 per pound(lb).
The price in Pula is BWP 2.64 per kg. The average price for a tonne is US$ 245.9 in Francistown and Gaborone.
Botswana’s import price for maize in 2019 was US$0.20 per kilogram.
Why is the maize price so high?
The weaker exchange rate, combined with increasing demand for South Africa’s maize in the Far East and Southern Africa, and generally higher global prices provided support to the domestic maize prices throughout 2020 and into the beginning of 2021.
Why are corn prices so high in 2022?
Pressures from lower crop condition ratings and severe global droughts have kept prices high, however, and the commodity is currently trading 15% above the opening price this year, and approximately 70% above the 2020 opening price of $3.915.
Will corn prices go down in 2022?
Significant changes in prices going into fall are possible. History suggests that there is a 5% chance that cash prices for corn in October will be below $4.60 per bushel. There is a 5% chance of cash prices below $10.56 per bushel for soybeans. Conversely, there also is a chance of higher prices.
How much is corn today?
Unit conversion for Corn Price Today
| Conversion | Corn Price | Price |
|---|---|---|
| 1 Bushel ≈ 0,035 m³ | Corn Price Per 1 m³ | 193.54 USD |
| 1 Bushel ≈ 35,239 Liter | Corn Price Per 1 Liter | 0.19 USD |