Market Monitor July 2021

08 Jul 2021

Production prospects for AMIS crops remain generally favourable for 2021/22 and despite expectation of stronger demand, the overall outlook points to a more comfortable supply situation in the new season as compared to 2020/21. In fact, prices in international markets have declined from their recent peaks due in part to more reassuring fundamental factors. However, with weather risks still posing threats to major producers, inflation fears encouraging speculative purchases, energy prices firming, and pandemic-induced uncertainties remaining, markets are set to stay volatile with upside potential for prices not waning anytime soon.

The next AMIS Market Monitor will be released on 2 September 2021.