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Export prices of maize on the increase and at a five year high in the US

International maize prices
09/07/2019

Export prices of maize increased in June. Price quotations of the benchmark US maize (No.2, Yellow, f.o.b.) continued to rise for the second consecutive month, averaging USD 196 per tonne, 14 percent up from May and the highest in the past five years. The sharp increase was mostly triggered by anticipation of a much lower production in the United States of America as compared to the previous year, because of excessively wet weather conditions during the critical spring planting period. In South America and Ukraine, brisk international demand pushed up export quotations.