Download the Monitor

AMIS Market Monitor

last release: May 2017

International Prices

Price sentiment remained mostly negative during April, pressured by heavy old crop stocks and tentative expectations for another good global harvest in 2017/18. Nevertheless, with the market focus mainly on weather developments, some concerns emerged about less than ideal conditions for crops in certain regions. Market participants monitored prolonged dryness in parts of the EU, especially in France, while wet soils hindered the early stages of spring sowing in the US and Canada. Despite expectations for a good harvest, importers in India remained active buyers amid attractive international prices even after the recent reinstatement of an import duty, with a purchase of 150 000 tonnes from Australia reported for May shipment, at up to USD 221 cost and freight. Among other recent purchases, Algeria secured approximately 570 000 tonnes of milling wheat at about USD 199 cost and freight, June shipment, likely mainly from the EU, while feed makers in Republic of Korea bought several cargoes of new crop wheat at around USD 188 cost and freight, July-September shipment.