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AMIS Market Monitor

last release: April 2017

Policy Developments

  • On 15 March, the Ministry of Agriculture in Brazil concluded a freight contract to remove 33,700 tonnes of maize from its public stocks in Mato Grosso to be used in the Over-the-Counter Sales Programme for the benefit of meat producers, as of April 2017. 
  • On 21 March, the Agriculture Ministry of Indonesia announced the provision of maize seeds and greater quantities of subsidized fertilizers to producers who agree to plant maize. Under the programme, an area of one million hectares could be allocated to maize by the end of 2017.
  • On 30 March, the Ministry of Agriculture in the Russian Federation proposed modifying the intervention price for third grade maize for the July 2017/18 (July/June) season. If approved by the anti-monopoly regulator, the intervention price will be set at RUB 7,900 (USD 136.67) per tonne.