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AMIS Market Monitor

last release: Feb 2018

International Prices

The IGC GOI maize sub-Index gained for a third successive month in January, with average export quotations strengthening across the board. Despite heavy supplies, the US market was buoyed by logistical constraints, as icy conditions slowed barge traffic along inland waterways. However, dollar-denominated FOB values remained competitive against those from South America. Prices there moved higher on worries about hot, dry weather in Argentina and background speculation about a possible drop in second-crop (safrinha) plantings in Brazil. Mainly tracking upward movements elsewhere, Black Sea values also started the new year with modest advances.