last release: March 2017
- On 1 February, the Ministries of Agriculture and Finance in Brazil started negotiations to institute a put option contract for up to 3 million tonnes of maize, to be carried out by the National Supply Company (CONAB). Rural farmers and their cooperatives would be authorized to sell maize crops to the government at a future date at a fixed price. This instrument aims at facilitating public stockholding while protecting rural producers against price-related risks.
- Due to delayed grain shipments caused by heavy storms in the US, which is Japan's main maize supplier, on 16 February, the Ministry of Agriculture of Japan approved the utilization of emergency stockpiles to meet the domestic demand for feed.