Download the Monitor

AMIS Market Monitor

last release: October 2018

International Prices

A weak tone prevailed across global maize export markets in September, with IGC GOI Maize sub-Index dropping by an average of 6 percent, to levels last seen at the start of the year. The steepest declines were recorded in Ukraine, where prices receded on confirmation of very good results from the first stages of the harvest. A squeeze on available storage space at port silos was also a negative factor. While US FOB quotations also weakened on excellent yield prospects, overall losses were pared by solid overseas demand and more recent worries about possible rain-related fieldwork delays. South American values dipped as well, most notably in Argentina, with traders generally keen to maintain competitiveness.