The forecast for corn supply in Singapore indicates a slight decline from 2024 to 2025 and stabilization thereafter. Specifically, the supply is projected to decrease from 14.0 Thousand Metric Tons in 2024 to 13.0 Thousand Metric Tons annually from 2025 to 2028. It's essential to note that the supply stood at 14.0 Thousand Metric Tons in 2023, making the year-on-year variation for 2024 to be 0% and a 7.14% decrease for 2025. This trend suggests a compound annual growth rate (CAGR) showing a consistent decline over the next five years.
Future trends to watch for:
- Potential changes in agricultural policies or trade agreements.
- Innovations in agricultural technology that could affect corn yields.
- Economic factors influencing domestic and international corn demand.
