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AMIS Market Monitor

last release: December 2018

International Prices

Maize

A mostly stable tone was observed in global maize export values in November, with the IGC-GOI sub-Index holding steady for a second successive month. US quotations weakened slightly on ample spot availabilities and signs of stiffer global export competition. After comparatively steep declines since the summer, FOB prices in Ukraine were unchanged m/m, as seasonal harvest pressure was broadly offset by a pickup in overseas demand. Average prices in Brazil also showed little change. However, with supplies beginning to tighten, offers were recently quoted at a modest premium over competing origins.