International Maize Price Rose in May, Says GIEWS
The GIEWS Global Food Price Monitor for May was released today, citing a 5 percent rise in global maize prices. The increase in maize prices reflects planting delays in the US caused by cold, wet weather in key growing areas. Wheat export sales also increased in May, adding further upward pressure on prices. Higher maize prices were seen in many low-income countries in LAC due to higher transport costs and reduced outputs.
Wheat prices were also higher in the US, caused again by weather-related planting delays, but good crop prospects in other wheat-exporting countries helped keep global prices relatively stable.