International Maize Market

10-Jan-2025 08:28 AM

International Maize Market
U.S. maize exports expected at 7-14 lakh tons for the 2024-25 season and 1 lakh ton for 2025-26.
USDA report may project Brazil's maize output at 1270 lakh tons and reduce Argentina’s by 5 lakh tons to 505 lakh tons.
Global maize ending stock may decline to 2948 lakh tons from December estimates.
South Korea issued tenders for purchasing 65,000 tons of maize.
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Domestic Maize Market
Rising ethanol demand has strengthened domestic maize prices.
Imports increased to meet demand, expected to surpass 12 lakh tons this fiscal year.
Limited import sources, mainly Myanmar and Ukraine, may restrict significant changes in import volumes.
Overall, maize prices are expected to remain high in the near future.