The Global Maize Market

Year of publication2021

AuthorFAO

PublisherFAO

AbstractUpward pressure on international prices is diminishing, in part notably so. As of June 2021, international reference prices for maize were being quoted at an average of over 60 percent compared to June of last year. While still volatile, prices have generally fallen in recent weeks, when during May they had reached their highest level since January 2013. The rapid upward momentum in quotations culminating in May that began last year, was on account of several factors, including: tight export availabilities; robust demand driven by unprecedented purchases by China; and expectations of strong global demand based on projected economic recovery from the COVID-19 pandemic in many primary import destinations.

 

ThemeGlobal Engagement (G20 and G7)

Product typeBrochure (factsheet; flyer/leaflet; Poster; banner)

Areas of workEmerging Trends, Challenges and Opportunities

CommodityGrains

Keywordscereals; market prices; demand