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AMIS Market Monitor

last release: April 2018

International Prices

With average world export values climbing to their highest levels since June 2016, the IGC GOI maize sub-Index surged by 8.6 percent in March, a fifth consecutive monthly increase. Amid generally robust export demand and deepening worries about crop prospects in parts of South America, strong gains were registered across all major origins. US FOB quotations rallied, but stayed competitive versus other feed grains, on solid overseas buying interest and internal logistical difficulties. Buoyant demand also contributed to substantial advances in Ukraine. Prices in Argentina were underpinned by recent weather woes, seen limiting the size of this season’s surplus.