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AMIS Market Monitor

last release: April 2019

Policy Developments

  • On 4 March, Australia and Indonesia signed a Comprehensive Economic Partnership Agreement (IA-CEPA) under which Indonesia will issue automatic import permits for duty-free access of 500 000 tonnes of feed grains, including wheat, in the first year. The tariff quota volume will be increased by 5 percent annually thereafter. IA-CEPA is expected to come into to force in 2020, pending ratification by the Indonesian House of Representatives and the Australian Parliament.
  • On 12 March, to reflect higher production costs, Brazil approved new minimum guarantee prices for all wheat grain and seed varieties for the agriculture year 2019/20. Prices were raised by 12.16 percent on average compared to 2018/19 and vary according to region and wheat type. In the key producing Southern region, the minimum price for bread wheat was raised to BRL 40.57 per 60 kg (USD 17.72 per tonne), up from BRL 36.17 (USD 15.78 per tonne); and prices of wheat seeds increased from BRL 1.48 per kg (USD 39 per tonne) to BRL 1.66 per kg (USD 43 per tonne).
  • On 12 March, Agriculture and Agri-Food Canada announced an investment of up to CAD 6.2 million (USD 4.6 million) funded through the Agri-Marketing Program to assist the Canadian International Grains Institute in expanding market access opportunities for wheat through technical support, market research, employee exchanges and customized training for customers and commercial partners worldwide.