The maize market of Argentina has witnessed a price increase in August xxxx not due to supply constraints or logistical disruptions but as a strategic move by suppliers in a response to domestic policy changes.
The price of Maize FOB Buenos Aires has increased by x.xxx and was assessed at USD xxx per metric ton. This uptick was triggered by a regulatory adjustment in the biofuel sector where the Secretariat of Energy, Argentina has raised prices for maize-based and sugar-based bioethanol used in automotive blends. The downstream sectors such as pharmaceuticals, nutraceuticals and food & beverage have maintained steady procurement. The maize suppliers have capitalized on anticipated demand growth and removed the discounts which were in effect earlier. The price movement reflected sentiment-driven dynamics rather than structural limitations with inventories stable and logistics smooth.
Argentina’s maize harvest this season was robust which...
