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AMIS Market Monitor

last release: May 2017

Policy Developments

  •  On 7 April, through the National Supply Company (Conab), the Federal Government of Brazil authorized the sale of up to 250 thousand tonnes of maize from public stocks to meet the demand from meat producers. 
  • To support maize producers, on 20 April, Brazil promulgated Interministerial Ordinance No. 800, which approved the granting of subsidies amounting to BRL 500 million (USD 159 million). Furthermore, the government announced the purchase of up to 1 million tonnes of maize produced in Mato Grosso, through an auction of option contracts which will last until 15 September. The price has been set at BRL 17.87 per 60 kg bag (USD 9.55 per tonne).