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AMIS Market Monitor

last release: July 2019

International Prices

Maize

The IGC maize sub-Index spiked sharply higher in June, with export prices inflated by a tighter world supply profile. Mainly because of deepening concerns about weather-related yield and acreage losses, the US market was especially buoyant. Underpinning also stemmed from difficult inland waterway logistics, lifting average Gulf quotations as much as 13 percent m/m, to a fresh five-year peak. Monthly price gains at competing South American exporters were almost as strong. As well as spillover from the rally in the US, FOB values in Argentina and Brazil were supported by robust overseas demand and movements in currency markets.