International Maize Market

14-Jan-2025 08:26 AM

International Maize Market
★ The U.S. inspected 14.4 million tons of maize for export during the week ending January 9, a 4% increase from last year.
★ Japan purchased 450,000 tons, and Mexico procured 404,000 tons.
★ Total exports reached 16.236 million tons, a 56% rise from the previous year.
★ Maize harvesting has begun in Brazil, with an estimated production of 122.4 million tons.
~~~~~~~~~~~
Domestic Maize Market
★ Maize markets in India are strong, with rising imports.
★ From January to October, approximately 870,000 tons of maize were imported.
★ Imports are expected to reach 1.1 million tons by the end of March to meet ethanol demand, sourced from Myanmar and Ukraine.