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AMIS Market Monitor

last release: February 2019

International Prices

Maize

Average global maize export prices climbed to a five-month peak in January, the IGC-GOI sub-Index gaining 2 percent m/m, underpinned by strong international demand and adverse weather in South America. Despite a huge surplus, FOB prices in Ukraine rose quite sharply, with support stemming from robust buying interest and tight internal logistics. Amid a seasonal drop in supplies and deepening concerns about dry conditions, spot values in Brazil also firmed. US prices edged higher on brisk export activity and rising interior freight costs.